Hi Saurabh
Hope you could listen as its easily available on youtube.
Management guidance of min 8 dpu is assuring and IRR of 12plus on equity in new asset. Also, their 50 percent funding of new asset by internal accruals demonstrates their conservative approach. Sponsor results yesterday were above expectations and the current discount from NAV is unwarranted as 14 plus yield on AAA rated instrument with inflation related annual increments.
Disc: Significant exposure from lower levels and small additions at 54.10.
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