Day Trading Stocks & Futures

brokenbull

Well-Known Member
Videocon Insolvency: Surprising That Vedanta Group’s Bid Is Similar To Liquidation Value, NCLT Says
Thirteen companies of the Videocon group with presence in oil and gas, consumer electronics, home appliances, telecom, real estate now belong to Vedanta Group’s Twin Star Technologies Ltd.
The Mumbai bench of the National Company Law Tribunal has approved Twin Star’s resolution plan but has expressed its surprise at the value accepted by the creditors’ committee.
In its detailed order, the NCLT has noted that the registered valuers had arrived at a fair value of Rs 4,069 crore for the 13 companies. And the liquidation value of Rs 2,568 crore. The consolidated resolution amount for the 13 companies stands at Rs 2,962 crore against the totaladmitted claims of Rs 64,938 crore. That comes to 4.89%



Vedanta's chairman Anil Agarwal knows how to really shop! He paid less than 5 cents on the $. Bargain footpath sale price.
Not to mention he tried to screw the investors & take the Vedanta company private at ₹88/ share a year ago. (Now 267 or so)


In the mean time Vediocon chairman Dhoot is eiether in Jail or on bail. His infesors lost 95% of their investment.
The Bank that dealt with Dhoot ICCI ex MD & spouse are on bail (out of jail) .
Just another normal day in paradise.Nothing to see. Sensex climbed to all time high......


https://www.bloombergquint.com/law-...bid-is-similar-to-liquidation-value-nclt-says
 

Romeo1998

Well-Known Member
Romeo Bhai,
Banknifty ka danda upar kar do.
What's next resistance?
Sir immediate resistance toh 60-80 % zone hi he, it just went above 60 n then fell back in, if it goes inside trendline, then its difficult to go back up, bcoz of trendline resistance n also 61.8 resistance....:pompus::DD:DD:DD
60-80 ke upar bhi gaya toh 100 par toh rukega hi :pompus::DD:DD:DD
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