Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

Forensic Analysis - AGS Transact Technologies: A Story Of Financial Mismanagement

Chartered Insights: Which Asian Economies Face the Greatest Threat from US Reciprocal Tariffs?

IndusInd Bank: Derivative Discrepancy Surfaces, Raising Governance Concerns

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

AGS Transact Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ags-transact-technologies" target="_blank" data-smartkarma-citation="entities:23692:1" rel="noopener">Ags Transact Technologies (ATT IN)</a>  IPO has opened for bidding this week. The offer consists purely of offer for sale worth INR 6.8 bn size.</li>
<li>The promoter to offload INR 6.78 bn worth of shares and the proceeds will be used to buy out INR 6.5 bn worth CCPS of Vineha Enterprises P. Ltd. (VEPL).</li>
<li>VEPL is another promoter company and hence these transactions raise some serious eye-brows.</li>
</ul>



Ags Transact Technologies (ATT IN)  IPO has opened for bidding this week. The offer consists purely of offer for sale worth INR 6.8 bn size.
The promoter to offload INR 6.78 bn worth of shares and the proceeds will be used to buy out INR 6.5 bn worth CCPS of Vineha Enterprises P. Ltd. (VEPL).
VEPL is another promoter company and hence these transactions raise some serious eye-brows.


AGS Transact Tech IPO: The Promoter Jugglery