Thanks, @njain1983 for putting up all details here. 3 clear takeaways for me
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Good to see that there is no dubious transaction with Dhani Services (SG entity). The prior deal with Hero group gives confidence and the realized land value is 2X the fair deal valuation from 2021, as highlighted in my previous post.
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Gurugram not being in focus. The clarity and asset monetization strategy are helpful given Embassy’s focus on Mumbai & Bangalore. Surplus realization is anyways far-fetched and needs to be considered with buckets of salt. I am sure the 240 Cr cash from the transaction will prove useful for near-completion projects.
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Management walking the talk. From the recent monetization deals to making IBReal net debt-free, management is showing proactiveness. I believe a lot of new launches are planned in Mumbai with the new branding once the court proceedings are over.
The funny thing is a lot of media and court activism is being seen as we are nearing the final closure of the merger deal. If it is indeed with vested interest from competitors, we have a winning candidate on hand…
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