Can Bharat Parajia Magic Work At India Infoline?
Tue, 07/31/2007 - 13:29 — Sahad P VIt seems Bharat Parajia has an iconic status in the Indian institutional trading business. Former head of sales at CLSA Singapore moved to India Infoline in May, and that moved the Mumbai broking firm's stock price by some 60-70 per cent up over the last three months.
Parajia and three of his colleagues in India were hired by Nirmal Jain's India Infoline to set up the latter's institutional trading business. They were offered nine million shares of preferential equity warrants at Rs 440 as joining bonuses. Parajia alone got shares worth 2.5 million shares.
Parajia's claim to fame is that he single-handedly built the institutional trading business of CLSA in India. He was highly networked with the local broking community and fund houses in India. All told, he could move stocks and make money for his clients.
For more, read an interesting profile on Bharat Parajia in The Economic Times.
August 02, 2007
since he got 2.5 million options at strike price of rs.440 and the current market price is around rs. 700 means that he is sitting on gains of Rs.65 crore!! awesome deal....congratulations all the way.