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​I can clarify that larger order is not going to include wide bodies which means that from a network perspective it does not change the response that I have provided you.

I think a lot of it has to do to my mind with two or three things. One is your external account situation obviously has gone through a sea change because energy prices are down, service exports have done well. The dollar itself has weakened.

Nomura Singapore has increased its stake in Mishtann Foods to 1.28%, or 12,825,854 shares, according to the FMCG product company. Mishtann said on Wednesday that it would launch new products in the domestic market, including iodised salt, crystal salt and rock salt. The move is expected to bolster the firm’s topline, it added. Offers made by Mishtann in the Basmati rice segment include Raw, Sella and Steam and cater to both wholesale and retail customers. The company also has a presence in the wheat and pulses segment and has set up a subsidiary in the United Arab Emirates.

​There is a fairly significant macro improvement for India in terms of external accounts. So I do not think you can take a view that I will be in consumer or I will be in industrial or I will buy high ROE companies or I will buy low ROE companies which are cheap.

Real estate stocks fell the most in Europe, down 2.5%, with UK homebuilders among the top decliners after data showed a closely watched core measure of UK price growth surged to a 31-year high in April, cementing bets on more interest rate hikes from the Bank of England.

"In the years to come, value and volume growth would be in line. Unlike yesteryears, where the value increase has been by far higher than the volume growth, that is what we look at and for the rest, there are certain things which are unseen but for all our budget purposes, for all our planning, we are looking at value and volume growth as the same. We as a board have decided to give a dividend of up to 25%. This year we have given close to 15% and we will take this to 25% in coming years."

The stock traded at a P/E multiple of 11.9, while the price-to-book value ratio stood at 1.25.

Taking a public company private allows for changes and growth goals to be achieved more easily without the pressure of meeting quarterly expectations from analysts, according to a recent report. Private companies have longer-term decision making, as they are far from the gaze of public investors, who are often accused of being short-term oriented. An over-communication between management and the analyst community can also steer expectations and risk sacrificing longer-term decision-making. Many companies refuse to provide public guidance or insights, instead choosing to focus on long-term planning.

​We are progressing well with various interested investors and we will obviously share it with you as and when we conclude these investment transactions.

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 22.39 per cent and domestic institutional investors had 16.55 per cent.