Good points.
I read the 2024 AR just now and found something puzzling.
Please could you also ask them about Rs. 39cr investment in Piccadily Hotels (promoter entity) at a price of 10,000 per share (100FV + 9900 premium) about 8 yrs ago. (Refer to AR2024- Unquoted Investment)
Picadilly Hotel has equity share capital of 66cr, implying the company made an investment in Picadilly Hotels at a valuation of 6600crs !!
Picadilly Agro should clarify if Picadilly Hotels is really worth 6600crs and Piccadily Agro’s minority investors were not short-changed.
| Subscribe To Our Free Newsletter |
