Swing for the fences. That’s the mantra Nalanda Capital follows when it sets its heart on a company. When the Pulak Prasad founded investment firm likes a business and the management, it does not sit quietly with a few thousand shares. Its investment approach involves grabbing a large stake and sitting tight until the cows come home. Most often than not, we are talking ballpark 10%.
Nalanda Capital puts its eggs in few baskets, so why did it buy Thermax?
Even though the sector has been a troubled one, the marquee investment firm has increased its stake in the capital goods leader