There was no discussion in the concall regarding listing or performance of Hero Fincorp or performance of Ather. Also, should they not highlight the path to profitability for Ather as well?
Their appropriation of ICE margin towards their EV operations also doesn’t count their time to time investments in Ather, which I think practically is also part of their EV operations only in the long run.
I think as per this webpage (not sure about the reliability of this data) valuation of their equity stake in HeroFincorp could be worth more than Rs 10,000 crores (BV is only Rs 1469 crs). Fincorp has also filed its DHRP on 31st July.
Disclosure : Invested
| Subscribe To Our Free Newsletter |
