Regarding the unrelated business of Zigly. Petcare is a booming business in India. There are so many players which have raised money at high valuation. going forward there will be consolidation as well.
While it may be negative cash flow right now (which helps in tax reduction), it has great future. But one critical point is the business needs to be hived off at the right time… to enable raising capital and M&A opportunities. To my mind promoters should do it by Sept 23. – almost 2 years since start. Beyond that it will prevent growth and also inorganic growth opportunities which is typical of such businesses.
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