This seems to be one of the very few finance firms which makes losses during this credit boom. I think lot have burnt their fingers with this.
To my knowledge many of the employees of CIFL subscribed at IPO and they were mainly funded for it by the company itself. have they exited now? or else is there a worried employee contingent to affect the company's performances with their current value of investment.(nearly 75% loss) Further imo a company wont give direct or indirect assistance to its employees to subscribe in an IPO if they new about the crisis ahead and employees who invest will also do it for long term. so, I presume the employees still hold a significant portion.
So will they let this go down day by day?