Does anyone know purpose of recent fund raise through prefer share to Promoters? Thank you.
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Its to fund the expenses of their sports divisionā¦ largely IPL team and FMCG business.
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Thanks, Rohit. Is there any official comment I could read?
Hello Mr.Bansal, formal documents are available on exchanges stating the reasons of fund raise
Nothing specific reason for this raise ~ 284 Cr
Got it now. Thank you.
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Is anyone know the debt reduction plan and debt per segment?
3K cr debt is huge.
Company is paying 150Cr interest every quarter. Pref. share allocation only for pay interest. I think debt will remain same. I dont see it will be profitable in near future.
does anyone know in detail, company is paying around 700 Cr every year for IPL , How to evaluate IPL Business, is It profitable, how it will going forward
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Are you still invested / believe that opportunity is there given that there has been no demerging of the FMCG or any other business nor any promise for the same in the next few years?
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I exited my position some time back. Tracked it till 2022 end. I donāt think demerging would ever be good or is an option. Outlined it in my original thesis. Part of my thesis continues to hold. I exited because I just didnāt understand some of the developments. Havenāt tracked the company since. No views on the company as of now.
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