What is this guy getting into 🤐
This has been the MO for all big family groups in India to raise cheap capital.
Pump up stock price, Pledge and take loan at low rates and invest in Capex. Adanis are pros in this game.
Bluesmart is doing it in a very small scale. Larger risk to the financial system is due to the biggies.
Literally eye opener, didn't see this coming
Gensol is known for governance issues
Read a post on LinkedIn that Blusmart is destroying shareholders wealth and it's a bad business. As a customer I like it, and I wasn't able to find any online news. Can someone help me get a context here?
BluSmart’s fundraising has stumbled well below its $250 million target.
With investors backing off at the last moment and fresh funding looking difficult, it now seems an impossible task.
