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MS Shoes East Ltd. is a company established in Delhi, India on 17 March 1986〔 The main object of the company was to take over running business of exports in the name of Shoes East Propriety.〔 It attracted large investments before collapsing in February 1995. Many investors lost large sums of money.〔 The Bombay Stock Exchange closed for three days after the crash. In 2005, a rehabilitation scheme for the company was devised by the Board for Industrial and Financial Reconstruction. ==Rise and fall== Pavan Sachdeva took over his father's Delhi-based shoe export business, mostly serving Western Europe, and launched the company as MS Shoes in 1986. He raised money from investors and borrowed large sums from financial institutions and banks.〔 Sachdeva used intriguing ads created by the Delhi branch of Rediffusion to attract investors. During the period 1986-1993, the company won various export awards from the Council of Leather Exports, from Delhi Administration, and from the National Productivity Council.〔 The company came out with its first public issue in September, 1992, followed by a rights-cum-public issue of fully convertible debentures in November/December, 1993. In February 1995 the company made another rights-cum-public issue. The issue was to finance its diversification, setting up a twin-hotel project and yarn project, but it was undersubscribed and was subsequently devolved.〔〔 Shares were trading at Rs24 in 1993, and peaked at Rs502.5 in January 1995.〔 The underwriters to the public issue have been held to be liable to the extent of Rs. 98 crores.〔http://www.business-standard.com/article/special/ms-shoes-to-sue-dse-over-arbitrator-197042101064〕 Apparently the share prices had been manipulated.〔 When MS Shoes crashed in March 1995 the collateral effects were so severe that the Bombay Stock Exchange had to be closed for three days.〔〔〔 More than Rs2.7 billion was lost.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「MS Shoes」の詳細全文を読む スポンサード リンク
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