I do not think they have any alternatives. Core profitability is not improving, and they have increased their stake in loss making subsidiaries. Until NBFC profitability improves, which is unlikely to happen in hurry, their credit rating wont improve, which in turn will not reduce their borrowing cost.
In next 4 to 6 quarter, they can sell 25% stake in life insurance or general insurance as they mentioned in the con call. This may give them some respite, but overall market is weary about the uncertainty
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