EID Parry India Limited CC-Dec24.pdf · 2025-02-12
So I wanted to ask about the capital allocation policy of EID Parry. So Coromandel stake provides the most economic value for the EID Parry. So in that sense, if I look at your last 10 years, so whatever dividend we have received from the Coromandel stake, that has not been fully passed on. I mean, I understand that some money was needed to support the sugar business? So my question is like to see -- from when do you think that the sugar business will become independent enough that it can fund its own need and become cash flow positive and things like that? And can we reach a point in sometime in the medium-term, where we can be able to pass- on fully whatever dividend we received from the Coromandel stake? So just on the capital allocation policy here. Thank you.
So the second one, just to add-on there. I mean, so last time, I mean, you had like 59% stake. So I mean also not only the dividend, but you have sold some stake to bring it down to 56%. But does this stay here like there is no chance like will not go down more, let's say I understand it will be always 51%, but let's say there is no chance to cut down more that we believe something in the sugar business.