Different animals react differently when mauled by the “feral beast“.
Outlook Business* did a cover story on Sahara India, the controversial chit fund company which now builds malls and homes, sponsors the Indian cricket team and owns an IPL franchise, and has a strange relationship with Amitabh Bachchan and Anil Ambani, in its August 21 issue.
The story, by John Samuel Raja D and Sudipto Dey, found holes in Sahara’s draft red herring prospectus (DHRP) that is a precursor for a company’s initial public offering (IPO).
Sahara’s reaction? It has not only sued Outlook Business* for Rs 200 crore, but taken out expensive ads in many newspapers saying it has done so.
* Disclosures apply
Read the full story: Stuck in sand
Read the editor’s note: Wait and watch