Sure you are right. I guess i am not clear why do these firms need to have so many subsidiaries…
Is it due to tax incentives offered for the govt for SMEs? but since the promotor is a listed firm. ideally these incentives should not apply, and benefits should flow to the real SME players.
Btw how do you view Maithan parking excess cash directly into stocks; https://x.com/itsTarH/status/1737862856467734950?s=20
wont it be better if they held in liquid funds to be invested in any distress asset sale related to the primary business itself!
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