Comments by "M Shastri" (@libshastra) on "Fitch spotlight on Adani debt, how much, how risky, reckless expansion or entrepreneurial audacity" video.

@dawnofkitty it's a legit business strategy called diversification. Diversification is expensive and difficult to pull off but can save companies. Tata is a great example, Tatas started with Steel but diversified into other products. When Tata Steel was bleeding money, Tata Chemicals was making tons of money. It padded the cashflow of Tata group.
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Adani's investments within India are pretty sound (some will have solid returns once policy headwinds are removed for eg Adani Solar will benefit from renewable commitment.) Adani's investments outside India - is no different Govt Of India's numerous loss making PSU investments (but strategic investments). That should tell you everything about Adani. BTW the NDTV deal is a ruthless really well executed deal. It should be a case study in B schools on how to pick a ruthless deals.
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@RahulKumar-ng2gh I think you will appreciate the deal once you realize that VPCL, the company that facilitated the acquisition is a Tax Havala for currently Roys and previously for other business magnates like Naharas, Ambanis (under UPA 1 and 2) etc. Ironically Adani is doing a public good by turning the Havala on it's head.
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@RahulKumar-ng2gh not disputing that. However, I can't help but feel a little entertained with Adani turning a Havala on it's head.
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@180190ful ruthlessness is not crony capitalism. Capitalism is all about legality, not ethics.
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Naturally. If I put Rs 100 into a project, I expect to at least earn back that Rs. 100 back. But here is the thing about profit, most successful businessmen will reinvest that profit into ventures - some risky, some not so risky.
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