Source: Prospectus of Arihant Academy Ltd
Surprised to see that an Education co is raising funds for working capital requirements. Coaching centres are well known for their minimal need for working capital
As expected, there is 0 inventory and 0 trade receivables. But what is this other current liabilities?
Amusing to see that most of the other current liabilities is advance coaching fees !
Source: RHP of Landmark Cars Ltd
Source: RHP of Abans Holdings Ltd
Some stuff I am reading today morning:
India’s CPI index falls below 6% (BW)
Dalmia Bharat acquires JP’s cement plants (MC)
Tata Group to open 100 Apple stores in India (BS)
UPI now 85% of digital transactions (Fortune)
Thread: Landmark Cars IPO (Aditya Kondawar)
Anant Goenka’s CEAT-Zensar balancing act (Forbes)
Company: Wheels India (BI)
Deep Thoughts for Passive Investors (Felder Report)
Financial Gaslighting (Bob Seawright)
Thread: How I made 5000% off FTX (Adlay)
Source: RHP of Sula Vineyards Ltd
Interesting to see the Promoter selling even though his stake is already quite low
