I exited RPSG Ventures and increased allocation to Tata Consumer and Nykaa. Some factors were bothering me regarding this company from sometime.
- Debt to equity increased above 1.
- Equity was diluted for acquisition.
- Promoter history regarding coal scam, I missed it in my assessment.
- Promoter’s political affiliation in West Bengal.
- Slowdown of BPO business.
- Lack of clear path of the business.
Company has the ability to deliver good results in the future but too many variables was making it difficult to hold.
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