One of the unasked questions in the call was :
Will the Carlyle participate in the right issue
This alone would give the intent of the current management team
A rights issue at this price is a great opportunity for them to increase their stake at a low price. Lot of frustrated investors may not subscribe to the rights
I was scratching my head last quarter when they gave a dividend of 30 rupees per share before the demerger when they had just provisioned a large amount against bad loans.
Maybe that dividend will come in handy now
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