We are on track to cross R4,000-crore mark this year
How do you plan to raise resources after the demerger?
As a part of the demerger exercise, we got certain cash. The split was implemented based on the balance sheet of 2012. We had outside parties like Citibank, JM Financial, Deloitte and & Co that finalised the terms of the slpit as to who gets what and how. And also whether it will give fair value to the minority shareholders. Moreover, we have generated healthy EBIT margins. In FY12, we generated R400 crore and in this quarter, we had an EBIT of R140 crore. Probably on yearly basis, we are running an EBIT of R500 crore. We are generating a healthy cash on a yearly basis. This is not a highly capital intensive industry that it will suck out cash. And given our performance, we are confident that if required we can go to capital market to raise cash. As of now, we don’t see a reason to get listed. If we need, we can always raise debt from the market
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