And how will they diversify their asset base when they failed to raise enough funds in the IPO¿¿
The stake they hold in equity and hfck can only grant them dividends since they are not associates or subsidiaries..
Looks like they will rely on the NSE for the forseeable future.. Maybe they could borrow a leaf from jubilee..
JUBILEE ASSET BASE (JUNE 2011)1. Real estate properties = 3 billion
2. Private equity = 5.1 billion
3. NSE investments = 6.2 billion
4. Bonds = 10 billion
5. Cash = 3 billion
Now That is a proper spread of assets..
Mark 12:29
Deuteronomy 4:16