Bad Penny?
A draft CAG review ressurects BALCO's ghost, giving ammo to those opposed to privatisation
Outlook
- The profit-making psu should have fetched a far higher price.
- The global advisor undervalued the company by Rs 302 crore.
- Valuation of land and fixed assets was not properly undertaken.
- Working capital of Rs 479 crore was not taken into account.
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