In May, TSN set an annual target from Atm's of ~2.6 Billion INR (AU$53,000,000). An as we all know TSN holds a 24.89% interest in TSI India.
Did they mean:
1) ASX:TSN: will receive 13.25M a quarter,
2) TSI India earn this money and TSN will just benefit from the capital gains?
3) TSI will earn 13.25 a quarter of which TSN will receive 24.89% of this amount
Also, there doesn't appear to be any updates indicating whether this is on track? What have I missed?
Cheers!
TSN Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held