Yes, I am happy they have stopped investing in loss making ventures like hotstar. It’s because of these kind of investments that their return metrics have been so low over years.
It’s quite cheap, they have an ongoing diesel pollution probe, but it’s very small considering their networth. A longer term worry is around integration issues, merging a US co with European co is very challenging as both have very different management styles. Maybe this is why co is trading so cheap.
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