While it’s true that deal is not closed until money is recieved in bank account, but Mutual fund business is run on trust.
If you can’t be trusted to pay money which you agreed to in a contract, how can you expect people to trust you with their money? And how do you expect Regulators to react in such a scenario? You don’t do such things just because PE ratio has increased.
Anyhow, I believe it’s a non-issue and does not add any value to idfc discussion. I will delete this post in some time.
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