I like all about IHC deal (even price is OK) except they want to keep current management (Mr. Banga) in place. if you want to really gauge assets quality, review has to be done by someone else than team who builds it (though i do not think there is any major write-off pending) but other guy who is free from expectation value fairly and write-off or whatever action is needed as he can always tell “this is not my doing”. Only common link between - 2019 IHFCL and 2025 Samman capital is current management so if IHC want they can certainly take some action - this is me thinking loud.
Invested and biased.