I attended the AGM but as I was not preregister to ask questions( any one know how to preregister pls reply )
Speakers in the AGM we’re only praising the management and few with minor questions
Yes @gaurav_vimal it is looking complicated and some surprises
In may they disclosed they want to be debt free approx 2500cr by FY24 now the debt is 5500cr I don’t understand does anyone have knowledge above it pls explain
In 2016 cdpq buys stake in ARC at ×5 p/b valuations now they are giving it ×1.2 p/b valuation
Closing the ECFL think so look at IP and no info on retail credit business
Selling stake in Life insurance is not good they should not as growing 10+ years
Imo Showing the intrinsic value in IP they really want to show the market so they can get value push in valuation and raise some capital or QIP
I can be wrong but Imo they should look to demerge the credit business as market is giving the valuation for credit business there is a possibility market will rerate and then raise capital but (can’t be the option as they are degrowing and closing it )
Company need new DNA or professional management now
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