Little more than one year hence…no dividends still when Tata consumer declares 8.45 rs per share dividend…up from 2.25 rs 2-3 years back…
The entire cash kitty equivalent and more would now go to a whopping 2800 cr + acquisition! Brand Park Avenue and Kamasutra are fine but none is a market leader nor a category definer like Bisleri which the Tata’s were eyeing…
Does this acquisition need to be approved by Nisaba or Adi Godrej or its pure management decision?
Is it a good capital allocation?
Thoughts welcome
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