I’m from Mumbai too. I’ll try fixing up a call with the management in the coming week.
Regarding JV with the developer, do you have any idea about the deal structure? Is it revenue sharing or profit sharing or something else.
Also, if you can list some questions, from your side, to ask the managent, except regarding the project status.
I have these questions in mind:
Project Status (also status on the legal matter)
Deal structure
Revenue/profit expected and the time frame
Use of cash to be received from the project other than paying off the debt. To check if they are interested in sharing the same with minority shareholders.
Disclaimer: I have no positions currently. This shall be a high risk bet.
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