@constantseeker_ The debt mentioned is on consolidated basis therefore include debts of all the subsidiaries. If you could elaborate more on your point, I could dip dipper and try to present fact as to the particular case of this company.

@Nirav8 I agree, ABN Amro had a bad experience with the sector. But every sector has some Satyam Computers, Enron etc. That does not imply all companies in the sector are bad. Renaissance has a TTM margin of 5.8%. Receivable days are 86.

I can find following reasons of this action. ( Trading plan disclosure).

1. It may be mandatory to announce such plan to SEBI.

2. You want to give signal to minority shareholder that promoter believe business has value and would like to buy below 500.

3. They may be willing to give exit route to SBI fund which holds 9.9L shares. SBI may be willing to sell out, which promoter is ready to buy.

4. As promoter you know that business prospect is dependent on crude price, which is crashing, you want to give message to sellers not to go short on the stock with your war chest of buying out 9L shares.

I see it as a positive signal.

Disc:- I am invested in it from higher level and my views may be biased.

It is not appropriate to start a new thread on a company like this. You need to put this into the Q & A section.

The community has expressed it’s high regard for Subash’s previous work (there are many like me too, who haven’t posted but who admire Subash’s previous work).

The community still wants Subash to continue his good work. The onus now lies on Subash. I hope Subash can set the emotions aside and accept the changes at VP. Accepting changes will make admin’s task easy (This is necessary because he/they are doing it for free). If you seniors can do it then only us new folks will gladly follow your footsteps.

With that I would say, let us rest this topic for a bit and let the emotions calm down.