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...
PVP Not to Contest Polls This Time
[Editor: This essentially means, that Potluri Vara Prasad, will see that TDP-BJP candidate WINS from the Vijaywada Lok Sabha seat. This when further analysed, goes in favour of PVP Ventures Ltd, as there are chances of him being made a minister, then make him come in the Parliament, through an indirect route--Rajya Sabha. This might have been the final deal worked out, after the difference in the TDP-BJP alliance was ironed out. Moreover, we have seen in the past how Andhra Pradesh (now Telengana and Seemandhra) based companies, which have links to politicians gave returns to investors]
19th April 2014: With TDP and BJP sorting out their differences, film producer and industrialist Potluri Vara Prasad is a disappointed man now.

The eager beaver, who had made all-out attempts to contest the ensuing general polls either on Jana Sena Party ticket or as an independent, had to suppress his desire to enter the electoral fray for now.

According to sources, as the BJP and the TDP patched up, the Jana Sena Party founder and film actor Pawan Kalyan has asked Vara Prasad not to contest elections this time as it would throw a spanner into the winning chances of the TDP candidate from Vijayawada Lok Sabha seat, from which the film producer wanted to contest.

It is learnt that when Prasad met Pawan Kalyan here on Friday, the Jana Sena boss discouraged him from filing his nomination as an independent for Vijayawada LS seat.

Later in the evening, when Prasad had called on BJP senior leader M Venkaiah Naidu, Naidu also asked the film producer not to create further trouble to the BJP-TDP alliance in Seemandhra by trying to stay in the fray from Vijayawada LS seat. Against this backdrop, Vara Prasad has decided not to contest the ensuing polls.

Taking to Express, the film producer disclosed that he had dropped his plans to file his nomination from Vijayawada LS seat as this would affect the winning chances of the TDP-BJP candidate from the segment.

“I have decided to stay away from the elections as I don’t want to be a spoilsport for the TDP-BJP candidate. I wish the TDP-BJP combine best of luck in the polls,” he said.

Courtesy: The New Indian Express

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