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What went wrong in Hinduja Global Solutions
Why stock is down 20%
Is there any fund siphoning?
Why stock is down 20%
Is there any fund siphoning?
The back story: Company sold its best business ( high margin, cash generating, booming) in Aug 21 for around ₹8000 cr to Baring Private Equity
Business: IT Services to Healthcare Business
Business: IT Services to Healthcare Business
Rational of Business selling remain unexplained as they said it will give growth capital for remaining business but IT as business is cash rich and asset light, does not require much capital. This is why IT Companies known for dividend buyback.
