Beg to differ with the view of Gaurav. The company has repeatedly clarified their business model and need for fund raising. I don’t think there is any desperation to obtain approval from AGM. Because we know that market is fickle. They can plan their fund raising better and can seek good valuation if time is in their hand. Their growth is linked to funds. So only watchable is business growth and EBITA. So far, their track record has been good regarding QIP pricing. Yes, for investors it is a long process and if you believe then stay invested in.
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