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GeeCee Ventures


GeeCee Ventures is an investment company.  It was formerly known as Gwalior Chemicals and changed its name after selling off its chemical business and is currently sitting on the proceeds to invest in the NBFC business.

As a result, past performance is irrelevant to an analysis of the company.  However, the company reported about 170cr of liquid assets incl. cash and mutual funds as at 30th September, 2011.  These are expected to be deployed in their NBFC venture.

Management does not have a track record of operating in the NBFC business and hence, there is no reason to expect that they will carry this out successfully.  Further, management did not make any material distributions of proceeds received from the sale of the chemical business to minority shareholders raising questions about management’s stewardship and fidelity towards the shareholders who have entrusted their money to them.

Overall, laying money out on this stock seems akin to taking on venture capital type risks, which this blogger cannot and does not attempt to evaluate.

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