Was doing some research - the company has interesting history:
It was in BIFR, then the promoters bought 8% of shareholding at Rs.6
Many QIPs at various prices for funding capex. not much of funding projects through internal accruals.
promoters shareholding is down to 39%. with such low promoter holding such practices are bound to happen in small cap companies.
Company is in high growth segments and hence the pref. investments from Malabar and Anil K Goel.
But for smaller shareholders, is the risk-return justified.
Subscribe To Our Free Newsletter |