desaidhwanil,
Latest presentation of 2Q16 shows a debt of 139cr. mgmt previously said cash balance is sufficient for phase – iii auction fee, looks like it is not the case now.
Also can you help understand why do you say roe is not good measure for enil? investor will not benefit if most of the accumulated cash is used for frequency acquisition right? I was expecting roe to reach some good number after some time from frequency auction. Is that expectation wrong? last 10year/5year/3yr roe from screener is 10.25/13.6/13.87 which is not great number.
Thanks in advance !
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