New tax rate from 30% to 45% for KSL, page-20

That's very interesting the second para, which seems to be the justification for not making an announcement but saying if the reforms did go through KSL would change strategy. I think they would be best off making an announcement. I also wonder how far they can deviate from strategy of reducing fees and improving financial access given ADB are a significant shareholder and wanting to keep government on side. Will be fascinating to watch how this plays out but too much uncertainty for me, am out. Was looking to trim portfolio in any case as part of overall financial strategy so exited my KSL holding, going from biggest non-coal holding to zero holding in a but over a week.