Contrary to my belief the promoter disputes have escalated and now its an all out war between the two cousins.This is an inportant lesson for me as an Investor as well. The market knows much more than an individual Investor looking at results of a company and the perceived value of its brand. The time when I first invested in finolex cables, polycab was available at around 700 odd and finolex around 360,see the kind of returns polycab has made(almost 2.5x as compared to finolex). Family fued is taking its toll on the copany with no clear line of succession. I feel sad for Mr. Deepak Chabaria,he has given his
life and everything to this company and he comes across as a frank and honest man during concalls. I only wish that better sense prevail between the warring brothers.
finolex cables case status in SC and NCLT.pdf (2.2 MB)
Subscribe To Our Free Newsletter |