Jet Air - Another Victim, post NCLT Verdict
We have carried a piece here on 24th June, 2021, saying that NCLT Stocks are Untouchables Now?
This is seen getting reinforced, after seeing NCLT Order in the resolution of Jet Air (preceded by Videocon).
Jet 2.0 will have total issued equity of 1336.49 lakh shares, with new promoter holding 89.79% stake (1,200 lakh shares), with Financial Creditors 9.5% (126.97 lakh shares), Workmen and Employees 0.50% (6.68 lakh shares) and 0.21% (2.84 lakh shares) by the existing non promoter shareholders, (as 100 shares held by such retail shareholder, eventually will reduce to 1 share). Something is better for retail shareholders, than the fate of Videocon shareholders, where hey wrote off completely.
Even if Jet eventually see a market cap of Rs. 7,500 crores (in the next 12 months), 1 existing share now listed, may settle at and may have an expected value of Rs.16.
Market experience is sometimes gained at an expensive price.
So, big no to NCLT Shares now.
This is not a buy or sell recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.
9th Jul 2021 at 12:50 pm
9th Jul 2021 at 10:20 am
9th Jul 2021 at 09:35 am