Yep agree. My biggest concerns are two:
- Issues of Corporate governance with IRB (No red flag as of now however watching it)
- Variability (or rather seasonality) in business. This is unlike say an Indigrid
Additionally the model is such that they constantly need to include more assets in the INVIT as the old ones will go back to the Govt?
Agree with you the yield is attractive and traffic volumes are on a secular uptrend.
PS: Holding as well
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