Buying NSE in pre-IPO can still be understood as parking short term funds, since NSE is soon coming with an IPO and surely given its monopolistic nature, the listing would be at a premium.
But why put 40Cr in a firm which you already hold 80% of and has not produced any revenue for the last 3 years, and has a networth of only 4.71Cr!!
Mining is still not a straight forward and easy business to understand it seems…
From Last year’s Annual Report
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