Yes. There was a 30 Cr loan given to Next Radio Limited which is a fellow subsidiary. It has been repaid in full.
Another 16 cr inter corporate loan is given to HT Noida which is a subsidiary. It is quite common to provide loan to direct subsidiary and should not be construed as corporate misgovernance.
As can be seen, there is no evidence that HMVL is siphoning off money from accounts or anything of that sort. The overwhelming negative perception is mostly due to the price action. The bad news has been priced in but the optionality of positive triggers is being overlooked.
If and when there is a shift of sentiment, HMVL can get rerated significantly. It needs a catalyst or positive trigger to enforce that shift in perception.
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