Of balance sheets and Tea !
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…
Read MoreWhile the Media has been focusing merely on Piramal’s cash pile, and have rather been supremely obsessive about it, Ajay Piramal has had most of his investments show green shoots already. From approval of 2 drugs by the USFDA and the EU and IndiaREIT growing to manage over 7,500cr the media has missed a lot…
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