The price of transparency

Investors increasingly are demanding more transparency and disclosures from India Inc. While one can argue this is good for the market ecosystem, a popular hedge fund manager has a different take on this. “Satyam (Computers) was trading at ~180 without transparency. When investors got transparency, then there was no $1 billion in the bank, the stock plunged. Now investors want transparency in another stock—let’s see what comes out,” tweeted Samir Arora, founder, Helios Capital Management, a Singapore-based hedge fund.