Two Tests for India: The Rupee Under Pressure, and SEPC Ltd (₹4.95) at a Valuation Crossroads

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Rupee Watch | Small-Cap Research Two Tests for India: The Rupee Under Pressure, and SEPC Ltd (₹4.95) at a Valuation Crossroads The RBI is reportedly weighing a ₹50 lakh sub-limit on some overseas remittances, paired with tax relief to attract inflows. SEPC trades at ₹4.95 against a ₹9.87 valuation report, with a Jharkhand stay, ₹154 crore freed and a 44% dilution from the Avenir share swap in play. India's markets are asking two very different questions. The first is macro: is pressure on the rupee pushing the RBI toward tighter limits on overseas remittances? The second is company-specific: can SEPC Ltd (₹4.95), trading at half the ₹9.87 in its July valuation report, close that gap? One concerns national economic policy. The other concerns corporate execution and shareholder value. Both deserve examination on their own merits, and both demand the same discipline: separate a proposal f...
IMCL makes managerial changes
Mumbai, 18 Apr 2014: It was in January this year when the IndusInd Media & Communications Limited (IMCL), a subsidiary of Hinduja Ventures Limited (HVL) brought in huge top management changes, which sent shock waves to the entire industry.

The media arm of HVL, which appointed Tony D’silva as the group CEO-media of HVL and also the IMCL MD and CEO had then said that the restructuring is to enhance synergy across its various media initiatives.

Now, the multi system operator (MSO) has got in more resources to build the business as it goes in the phase III and phase IV of DAS markets. Strengthening team D’silva is Amar Chintopanth who has joined as the new group chief financial officer – Media of HVL. Chintopanth will report to  D’silva.

Commenting on the appointment,  D’silva said: “I am delighted to welcome Amar to the team at Hinduja Ventures and I’m sure his rich experience in the financial space will help us immensely as we work towards the next phase of digitisation and growth.”

“I am honoured to be part of the Hinduja Group and thank the HVL Board for entrusting me with this responsibility,” said Chintopanth on his new role. He added, “My immediate focus is to continue the emphasis on taking advantage of opportunities presented by digitisation in the cable business.”

Not only this, the company has also roped in Rouse Koshy, a former Hathway hand who is now IMCL- All India- head of operations. IMCL has also appointed Aslam Mulla as its vice president operations west region. The trio joined the company in mid-March.   

With D’silva having to juggle between the new HITS project and also looking at IMCL, the new entrants in the company will surely help him take IMCL to new heights.   

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