Updated 27/3/2014: Neither Fit Nor Proper: The FTIL Fire Sale

FTIL holds 26% of the publicly traded commodity bourse which closed at around 505 INR on March 20th (it bottomed out at 238.50 last August at the nadir of the NSEL crisis) and has a market capitalisation of 2576.15 crore giving a P/e of 13.87 and a book value of 226.82 Rps per share.
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