@vikas_sinha ji just wanted to check your views on latest developments in Exicom. They recently announced acquisition of Tritium (a big global player in EV charging that declared insolvency in Apr-24) for 300 cr and are now raising 125 cr in debt for the same . I personally find this debt funded strategy for international expansion a bit too agressive given that they just raised funds through IPO? Also, since Indian EV market itself is at a nascent stage, wouldn’t they have been better off focusing on domestic market itself first? Further, I’m a bit worried by their Q1 results, especially the QoQ and Yoy decline in EV segment revenues.
Would love to have your thoughts. I am personally invested in this one, but a bit worried with these recent developments.
| Subscribe To Our Free Newsletter |
