Calculating FCF for textile business is merely optical illusion.
This industry requires huge capex and you never know a single capex can eat up 3 years of FCF.
Calculating FCF for textile business is merely optical illusion.
This industry requires huge capex and you never know a single capex can eat up 3 years of FCF.
Waterbase Limited announces merger ratio for merger of Pinnae Foods Limited
The paid-up capital of Pinnae Feeds Limited is Rs. 10 crores and with this merger ratio, the equity capital of Waterbase Limited will increase by 2352941 shares or Rs. 2.35 crores... Debt as per CARE rating is Rs. 77.20 crores... These are my assumptions as per data available on internet...
Negative:
- Debt will increase, but Waterbase has almost 30 crores cash... So, shouldn't be high I feel...
Note: Have vested interest... So, take my assumptions with a pinch of salt...
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