The concept of buying moonipa was because I had earlier played best steel logistics with same promoter and saw how the Gupta’s took over and transformed the company.
It is with that intent that I entered moongipa at 90 levels. Nothing was clear that time, what business is going to come, what will be the equity of the company, what are the future plans.
But all I knew that this is a very strong promoter who has the proven capability to turn around small companies into big ones. And on that conviction I took a 10% bet.
One can only take such bets at such early stage only on the pedigree of promoter and nothing else.
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