Debt of 4270cr (850cr for 13% stake embassy bought in Indiabull while announcing merger)from embassy side is brought into merged entity. And indiabull is already net debt free. Combined entity debt of 4250cr is looks encouraging. And this is as per the mgmt guidance of achieving 3500cr debt by fy23 . If they achieve 2000-2500cr net debt by fy24 then it looks extremely good
Regards,
Sathish
| Subscribe To Our Free Newsletter |
