In whatever manner the management presents in the books, the fact doesn’t change that 1150 cr of shareholders money has gone down the drain!!!
The networth and fixed assets would stand reduced to the extent of write off
Business calls do go wrong, but the relative magnitude of assets written off and time (doesn’t reflect in balance sheet) show some serious weakness on part of management.
Disc.
Was invested earlier. Fortunately exited around 700 when asset turnover was not improving
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