tag:blogger.com,1999:blog-30827235.post5899326790994692693..comments2024-03-12T08:53:00.766+00:00Comments on The Marple Leaf: Tide of opinion turning for Venky'sMichael Taylorhttp://www.blogger.com/profile/08616909770570609477noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30827235.post-49677480935412907782011-01-19T22:07:18.454+00:002011-01-19T22:07:18.454+00:00No, I'm not sure it's accurate at all. The...No, I'm not sure it's accurate at all. The point wasn't that I took at face value, more that it was a piece of positive coverage of the Rao family and their businesses which goes against the grain of negativity.<br /><br />In fact, I meant to add a further concern that's never been satisfactorily answered: how did they fund this deal? Did they borrow heavily? What is the structure of Venky's London?<br /><br />Anyway, thanks for your post - but why so shy? Who are you?Michael Taylorhttps://www.blogger.com/profile/08616909770570609477noreply@blogger.comtag:blogger.com,1999:blog-30827235.post-81488959565534940592011-01-19T17:54:07.431+00:002011-01-19T17:54:07.431+00:00Are you completely sure that the Mail piece is acc...Are you completely sure that the Mail piece is accurate? The Venky's own web sites puts the worth of all of VH at $650m and that includes their investment vehicle which has gone into a massively dodgy new city deal that seems to be going bad.<br /><br />Even if they are worth the £2bn, nobody sees them as being particularly liquid. Venky's India itself has a share capital to debt ratio of 1:6.<br /><br />I agree the Kentaro involvement at the expense of the existing Board is the really unleasant part especially considering the pledges made prior to the sale of Rovers by the Trust.Anonymousnoreply@blogger.com