Does anyone know purpose of recent fund raise through prefer share to Promoters? Thank you.
Its to fund the expenses of their sports division⌠largely IPL team and FMCG business.
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.
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
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?
I exited my position some time back. Tracked it till 2022 end. I donât 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 didnât understand some of the developments. Havenât tracked the company since. No views on the company as of now.
Share price is zooming since last 1-2 months. today upper circuit . Any development in the co. ?
This article may help answer - IPL revenue: IPL franchises' revenue more than double, BCCI surplus jumps to Rs 5,120 cr | IPL 2024 News - Business Standard
âIn FY24, RPSG Sports, which owns the Lucknow Super Giants, posted a net profit of Rs 59 crore, reversing the previous yearâs net loss of Rs 243 crore. The companyâs revenue nearly tripled, reaching Rs 695 crore.â
Jefferies report on IPL.pdf (5.1 MB)
This report Helped me lot