It started with chatter of a funding round. Then, exclusive news of a merger. Soon after, rumours of an acquisition surfaced. And then, just like that, it all went quiet. And somehow, this question never came up: What happened at IndiaHomes?
Ashish K. Mishra
Put yourself in this man’s shoes. This man, writing an email. To his employer.
As discussed over the last so many days with Board and Investors, due to lack of funds to run a viable operation the situation is becoming extremely volatile and unmanageable in the organisation. With no clarity emerging on fresh funding we are neither able to pay old liabilities (Stat dues/ Employee dues / Market related dues) nor are we able to invest in any initiatives for growing the business. As a result…
Read the full story now. Subscribe to The Ken
Stories on The Ken are available only for its subscribers. Join us now to get instant access.
Complete access to all stories on The Ken. Rs. 2,750/year or Rs. 1,200/quarter
Dear subscriber - a lot of hard work goes into the journalism we put out. While sharing snippets or limited screenshots is okay, please avoid printing and sharing our entire articles as PDFs. Our plans are very affordable - please ask your friends to subscribe.