I think you didn’t understand the thing I said about Blusmart, see for a company like blusmart to come to IPO, it need to show profit, but the problem is they aren’t is having one. So, what happened is they will do OPEX, how? Simply they will cut the cost of paying the money as a lease to the owner, in this case Gensol which has the same promoter So GENSOL and BLUSMART comes under RPT, to make one thing profitable (Blusmart), they will burn the cash in another (in this case GENSOL), in that way the leasing business will always burns the cash and won’t make profit for the next 2-3 years.
Subscribe To Our Free Newsletter |