Something strange that I observed:
Cash decreased roughly by 450 Cr and Fixed assets increased by roughly by same amount in FY23
On further Investigation it looks that company has paid this amount to government to buy Lease hold Land based on Q4 FY23 Results
Isn’t this a huge transaction taking away 50% of the cash company holds? Shouldn’t it be covered by company as to why it was required and if was must?
@Ravindra83 @dd1474 Can you share your views please?
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