@hrfacebuk - valuation has been done by two separate entities, including the company's banker, so I assume the price is fair. Also, if you think about it, paying 1.8 crore per annum vs one time price of 16 crore is a very fair deal - it is only 5 years of rent, not to mention the synergies that come with it.
@ashwindamani - thank you. I have high hopes for ITFL, and that makes it all the more relevant that one is careful. On another note, I have sent a physical copy of the letter, an email copy and a follow up to the company secretary but have received no response. Do you know any way I can pressure them to respond or at least acknowledge my mail? Does it count as an "investor grievance" which the quarterly results disclose?
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