Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin is founder of Trudence Capital 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 news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

Macrotech Developers Placement - Large Deal, and Not Cheap Per Se

Lodha Developers Limited IPO: Herd Of Red Herrings To Wade Through

Lodha Developers Pre-IPO - Second Time Lucky but Not Really that Much Affordable

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

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<li>
<a href="https://www.smartkarma.com/entities/lodha-developers-ltd" target="_blank" data-smartkarma-citation="entities:27315:1" rel="noopener">Lodha Developers (LODHA IN)</a>, also known as Macrotech, announced last week the merger of its three listed subsidiaries into the parent entity.</li>
<li>These three entities are namely National Standard India Ltd (NSIL), Roselabs Finance Ltd (RFL) and Sanathnagar Enterpriseses Ltd (SEL). All of them are listed on the BSE.</li>
<li>However, when we look at the business and financials of these companies, the decision and the entire story-line along with swap ratio/valuation raises questions.</li>
</ul>



Lodha Developers (LODHA IN), also known as Macrotech, announced last week the merger of its three listed subsidiaries into the parent entity.
These three entities are namely National Standard India Ltd (NSIL), Roselabs Finance Ltd (RFL) and Sanathnagar Enterpriseses Ltd (SEL). All of them are listed on the BSE.
However, when we look at the business and financials of these companies, the decision and the entire story-line along with swap ratio/valuation raises questions.


Macrotech Subsidiaries Merger: It's All Baffling