A company with 110 crores of CFO
185 crores of investment and cash on the Balance sheet.
Trading at 19x PE.
What is the need for doing a QIP?
Existing shareholders end up losing as valuations aren’t favourable for a QIP… Raising borrowings of 150-200 crores. Which is nearly 2x of OCF would have helped. Dividend or redistribution could have been stopped for the shareholders.
Something doesn’t make sense here
Disc: studying. Not invested.
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