I'm trying to figure out an answer to this. Rediff says that ROAE is 129%. That is unusually high. Looking at its BL i see that From 07 to 08 the equity share capital reduced from 136 cr to 13.6 cr. This seems to be the reason why ROAE is so high. However, how and why did this get reduced? Did the promoters buyback shares? Any help pls...
Thanks a ton in advance
Thanks a ton in advance