- Religare is more of a special situation play where Burman’s have a real probability now of taking over. It has ample corporate gov failures in past and present is not so good. But it has a good insurance franchise and some other decent assets. As a negative, however this story is playing out for last 18 months and probably will continue for some more time.
2 On Manali Petro: @LarryWink Kindly help out the gentleman.
3 Swan: Pure punt I have taken. If they are able to execute of Floating Storage and shipbuilding oppurtunities they can do well. However its an extremely risky play as company has multiple moving parts, managment execution and quality is suspect and ofcourse CG concerns exist.
I will not add more to all the three positions taken here and fully expect to lose money on atleast one of them.
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