My concerns
- Promoters selling their stake to raise money, If this business has so much potential then why do promoters sell their holdings?
- Corporate Governance, why a registered office is a flat and shared by many companies.
- Priority and Dragon being the largest player with pricing power have a total top line of 10K crores. Less than 2 billion dollars. Actual realisation is much lower than that, it is more like a trading business.
- Technology also doesnt seem to be a major play here
- Railway lounge will not command that kind of premium
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