In the media interactions management informed that they are using these funds for acquisition’s especially domestic hotels related acquisition’s and international air ticket booking related acquisition’s.
They will conclude the fund raise in the current quarter and utilization of funds in next 1 or 2 quarters. if thing go well then we may see good improvement in margins and numbers further.
Nature of acquisition’s is very important. They have an habit of not disclosing the deal values like earlier equity swap with some 3 travel related companies, if they do same now then we should definitely doubt the creditability of the management.
Subscribe To Our Free Newsletter |