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Indus tightly held as ever

Indus tightly held as ever

Our last full-year review for Indus Gas (INDI) came with a health warning: specifically, that "on balance, we’re not convinced Indus should be a public company". Our reservations were linked to the dominance of Indus founder and chief executive Ajay Kalsi on the share register, which hasn’t dissipated since.

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