First take: [Nishant Baranwal IN] Baranwal Family expands with the addition of a new subsidiary, a Baby Boy 😊
Event Update First take: [Nishant Baranwal IN] Baranwal Family expands with the addition of a new subsidiary, a Baby Boy 😊 What’s NewThe Baranwal family announced expansion of their footprints with the addition of a new subsidiary in the form of a baby boy to the parentco of Nishant & Chetna. Whats Changed While people close to the family had expected the addition, but the announcement puts to rest any further speculation in this regard. Also, this addition would potentially add more stability and humongous happiness to the parentco of Nishant & Chetna hopefully over the next few years. The sister concern of this subsidiary, Tarini, is also expected to reap immense happiness & intangible benefits from this expansion. Implications Profitability of the Parentco could be hit in the initial few years due to upcoming expenses. While the envisaged expenditure is expected to be met through operating cash flows mostly, the balance sheet is expected to become stronger as the s...