I was suddenly taken aback when Ajay Piramal said this, ” Please do not read the standalone statements and read only the consolidated statements. If you do so you will only be wasting your time.” While my CA instincts kicked in all i wanted to do was hold up a red flag, but then this…
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Piramal’s definitive 3 pronged approach.
I initially bought into Piramal Healthcare as it was a cash bargain. At 360/- a share you actually got over 600/- of cash ( ignoring all the irrelevant stuff like management, brand company history etc 🙂 ). The logic was that even if Ajay Piramal lost/mismanaged or stole 50% of the cash, my investment would…
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