Talking to ET Now MD,says he has been acquiring Solar Industries and Sterlite Technologies silently for some time.Edited excerpts:It is not a good news at all. The problem is going to be severe if this kind of trend continues in the country. State after state is announcing farm loan waivers. Whether it is PSBs or state governments or tax payers in general, this is not going to go well. Yes it would mean the recognition of the value which they have built in different verticals within the RCap’s businesses.

Source: Economic Times June 13, 2017 04:52 UTC