Phani Sekhar, Fund Manager at Angel Broking told CNBC-TV18, "The main challenge for Wockhardt actually lies in the kind of debt it has, so cash flows in the near to medium term are absolutely critical to service that kind of debt and infuse confidence in investors.”
He further added, “Wockhardt is not really expensive. What is important is that you give enough time to the company to set its house in order, so that the debt can start to be serviced. So, on the balance it will be a hold for the investors."
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