E-Land Apparels

I don’t see why no one has raised this point…but how is sale of Tarapur unit to a wholly owned subsidiary classified as “selling of non-core assets”? The subsidiary’s losses would still be the parent’s losses and ultimately it will have to be funded further to keep the unit going. So is this just an attempt to get rid of this unit from the balance sheet but still effectively keep shouldering the losses from it?

1 Like