Thanks for sharing.
On JK Paper - how do you feel about its recent acquisition in animal nutrition space, which is totally unrelated to its core business?
I don’t think diversification into unrelated areas is cause of concern especially when prudently done. Paper business is self sustaining and what they did with this Vet health business acquisition seems interesting on paper atleast. Below are KPIs of the business. It remains to be seen how this business evolves in future though. I will wait for some time before forming judgement on it for now.
Reading annual reports and listening to management over concalls gives me some hint that they do think carefully about capital allocation, so I have some comfort in my head that they wont screw up so easily but lets see.