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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
NCLT is doing what they suppose to do.
Crony business house enjoying. Ditching Income tax payers money.
Ultimately upper middle class and middle class are thrown out on their luck.
Banks are bearing additional burden.
With one RBI circular every thing on balance sheet will be clean.
Sara paisa batte khate me. ...
 
People make unlevered FNO strategies to beat index by a few percentage points...
...without realizing that FNO is taxed as business income while long term index strategies are tax free!

There goes your 25% trying to earn 5% more on index :DD

If your benchmark is long term index returns, always use post tax returns to compare performance.
 
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People make unlevered FNO strategies to beat index by a few percentage points...
...without realizing that FNO is taxed as business income while long term index strategies are tax free!

There goes your 25% trying to earn 5% more on index :DD

If your benchmark is long term index returns, always use post tax returns to compare performance.
what kind of long term strategies ? BEES ?
 

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