Manish, You are right. As per original plan of the company management wanted to transfer all land holding belonging to Arvind to Arvind Infra. But later they changed plan and now Arvind Infra dont have any land holding. It is currently just project planning and marketing company for Arvind Ltd. However in due course company can be a full fledged real estate player. Besides sub 200 cr market cap for an experienced management like Arvind is risk worth taking. Currently even during downturn no real estate company having development project of 15 million sq ft have market cap of less than 500 cr. As company start showing some progress and bookings and more people come to know about it potential it can touch those valuation in due course.
Disc: Invested from much lower level.
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