Valuations are subject to individual perceptions and all assumptions can be questioned. Regarding debt at 7.2 can get demonstrated as the management concludes the financial closure. I am optimistic on IRB Invit raising the funds in that range as they are AAA rated and rates may not be very different for this highly rated instruments.
As I view the price already captures all these uncertainities and was only looking for perpetuity of the Invit and this asset will add some cushion for coming15 years. Although levels less than 55 were ideal for me to add but I still feel price may come to early sixties by next quarter distribution.
Disc: Invested and adding on falls
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