Originally posted by MR TED
However, as an investor in Bajaj corp, my concern was that the promoter of my company is more passionate about some other business. He could have used this money in further business expansion on Personal Care products/brands like what Godrej did when the sold stake to Temasek few years back. |
That concern is genuine.
OCF is negatively wavering and for past 2 years there is no investment and instead money is going in financing activities.
However, positive is that Temasek believed in this business and put in there money even after knowing that the promoter is more interested in power business..is my another doubt which I am trying to understand the implications over long term
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may be TS is sensing/knowing some change of hands in coming future.