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Showing posts from July, 2016

Stexit.

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     First, there was the RRexit. And while the markets eventually got down to digesting it, a mere few days later, in what was nothing short of a shocker, there was the Brexit. It was a referendum that jolted Europe and the world, sent the Pound Sterling to a three – decade low and triggered omens of a new recession setting in. And that wasn’t all. The 52 – 48 Brexit result triggered Cameron's Davexit as well.       But as far as exoduses go, they certainly weren’t the first. For, long before the RRexit, Brexit and Davexit crippled the markets, Stexit had been put in play. It was a story that began in 2007 at the peak of the market and could end soon, at its trough. It was a tale that began with a GBP 6.7 billion price tag and will likely end with that of a single coin featuring the visage of Queen Elizabeth II. As far as one Indian company’s British sojourn goes, it might just be all she wrote.      In 2007, as the world was scaling a new high and nothing could seemingl