In the Financials Business: they brought in Rupal Jhaveri as a President (ex-KKR PE). He is related to Anand Piramal. Not sure they have disclosed this. But is this good governance. No opinion about it – but did they disclose this?
Discl: Sold all my holdings bought since 2011 post demerger given the competitive landscape in the Financial Space and no competitive edge of Piramal Finance. It feels so much like “spray and pray”.
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