Super-Exclusive: What GMM Pfaudler MD Tarak Patel told Anil Singhvi today
There are very few companies in India which buy stake in their foreign promoters, said Zee Business Managing Editor Anil Singhvi even as he complemented GMM Pfaudler Managing Director Tarak Patel in an exclusive chat today. Among the most critical questions that he fielded in a freewheeling chat with the Market Guru was - what was the hurry for DBAG to sell shares at discounted rates
Patel said that DBAG has completed 6 years in Pfaudler and PE firms generally sell their shares within 5 years. The company waited for six years, he said adding that DBAG has already sold 25 pct shares