Whatever they do to please investors and QIB’s no body is going to rerate the company due to management activities, foolish board members ( Who can’t oppose the 100 Cr investment in building hotel). I believe some money laundering is also happening in the company in the form of these undisclosed (value) small acquisition’s.
Nobody knows how much these small investment companies are contributing to the top & bottom line. Yolo contribution is also unknown.
I bet that their QIP (1000 Cr) would be most unsuccessful QIP in the history.
They keep on diluting the equity to fullfill their person wishes rather than business needs.
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