No pepper to spray away Lanco’s R36,558 crore debt burden

Shares of Lagadapati  Rajagopal’s Lanco Infratech, the holding company of the group, are now trading at 35 per cent discount to the book value at the BSE on Friday. The market cap of the firm is down to Rs 1,565 crore as the company, which originated in Andhra Pradesh, has almost eaten through its net worth.

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