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FMCG: Worst in 15 Years
Author: Raoji
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Mega Trend: India Textiles Market
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U Gro Capital: First We Grow
Hat Tip: Equi Alpha
Sachindra Nath is the Executive Chairman & Managing Director of Ugro Capital Ltd
He also is a Director/Promoter in various other Entities including Poshika Financial Ecosystem Pvt. Ltd
Now what is amusing is that Poshika Financial Ecosystem Pvt. Ltd. received 24.5 Cr from Ugro Capital as advisory and fund raising charges ! Basically, when Ugro was meeting investors and raising money, Sachinder Nath’s private Co raked in the moolah too
Now Nath has defended this with the following tweet:
As Bhavik Mehta points out, the information on this in the public domain is meagre
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Linkfest: 18 September, 2019
Some stuff I am reading today morning:
Govt mulling fourth booster dose for economy (Mint)
Saudi Oil output to recover in 2/3 weeks (Reuters)
DHFL’s debt resolution plan hits roadblock (ET)
On Hawkins Cookers FD Scheme (FE)
PI Industries turned 1L to 82L in 10 years (BT)
India Inc: Plastic ban can be an ‘Existential Issue’ (BS)
How the plastic bottle went from miracle container to hated garbage (NatGeo)
No need to have a Swiss Army Knife approach to investing (Mohnish Pabrai)
One simple trick to make you invest better (Morningstar)
Hair on a deal (A VC)
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It’s different
