Did you see AAIC has 10% of LWL at 30th June 2011 ? This 10% was there on 31st March 2011 too, but only small % was there at 31st December 2010, so shares were mostly bought in first 3 months of 2011. LWL gave 1 for 5 bonus in early 2011, but at current LWL price of Rs116, AAIC is likely to be sitting on a large book loss on LWL investment.
What will AAIC's new management (SHL) do with this LWL holding ? How will it impact AAIC results ?