I looked at this but look at this
http://hypebeast.com/2015/10/jeans-sales-declining-report-bloomberg
http://www.nbcnews.com/business/consumer/denim-real-danger-going-out-fashion-n176211
Denim is slowing and arvind has been indicating so in its conference calls. Anyone old enough will remember how arvind went bankrupt because of a denim crash in 2000. I am not so sure of a debt fuelled expansion right now.
As for polus global fund, can someone clarify which fund house it belongs to and whos’ the fund manager – I searched on linkedin and google but cou;d not find – they have invested into ansal properties in india but that’s all. I can’t imagine that a fund would risk capital into warrants and risk the loss of a complete write-off without any shareholder rights. In an institution, it would be frowned upon.
And if the share market crashes, they can’t even get out – there’s no liquidity, no shareholding either.
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