I live in Bangalore and I have seen that every new building is now made of blocks(I guess these are AAC only). I got interested in HIL because of that. Their Balance sheet is very clean and management is sound. Also I can’t understand why Asbestos overhang is there? In India we don’t see such stringy conditions implementing anytime soon. They are a dominant player in Telangana and AP which I guess would be a big consumer for their AAC building blocks. Still I would love to know from you that what was the exact reason for you to sell of your stock holding from HIL? Was is just price inaction ?
Thanks
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