The owners seems to be reconciling and putting their disputes behind. In the recently concluded AGM,there was no cross voting, all resolutions passed with requisite majority. The company has around 2000 crs of cash in books at MCAP of 7500 crs. How many companies in India have that kind of war chest for acquisitions . The management is extremely conservative and honest. They helped their dealers during covid by expanding the discounts. If anyone has heard Mr. Deepak Chabaria during concalls,he comes across as a very humble man and knows each and every aspect of finolex . He has taken care than even during the family fued “Finolex” brand is not tarnished. As a 70 year old man he in in sync with the current trends hiring Kiara and Kartik as brand ambassadors instead of ageing so called megastars.
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