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Essar Oil slips and falls

about 12 years ago

Essar Oil was up almost 5% yesterday, hitting a new high at Rs.153.80, on news that the promoters of the company plan to sell 49% stake in Essar Oil to Russian oil and gas giant Rosneft for about Rs 10,500 crore. There was another report which stated that promoters will sell 51% stake at a ...

Essar Oil cheered up by SEBI

about 11 years ago

The market is thrilled with Essar Oil and all credit goes to SEBI. The company is in the process of delisting and in a move which supports shareholders, SEBI has directed Essar Oil to raise its delisting price, bringing it in tune with Roseneft’s price offered to buy promoters stake. This i ...

Essar stocks surge

about 12 years ago

Essar Ports and Essar Shipping are literally on fire, with Ports currently up 11.5% at Rs.102 and this is after hitting new 52-week high at Rs.10515. Essar Shipping breached the upper circuit at Rs.23.70 and and it is currently up almost 18% at Rs.23.20. Both the stocks are reacting to the n ...

Essar Oil gets 'energized'

about 12 years ago

Essar Oil which had closed on Friday at Rs.108.40, today opened itself 5% higher at Rs.113.80, locked on the upper circuit. The stock hit the ceiling on news that Essar Oil plans to delist its shares. This was a much anticipated news, ever since its parent, Essar Energy, based in UK delisted ...

ICICI Sec slumps 20%

about 6 years ago

With the stock markets booming, it came as no surprise to see a blockbuster performance from ICICI Sec though stock moved in tandem with the market moods.

Essar Oil hits upper circuit

about 12 years ago

Essar Oil had yesterday breached the lower circuit and today, it has hit the 5% upper circuit at Rs.112. The stock has been in the limelight ever since it announced its decision to delist and yesterday, the company announced the delisting floor price of Rs.108.18. This was much anticipated n ...

Essar Oil in the green

about 12 years ago

Essar Oil is a big gainer on the BSE today. The stock opened higher and went on to hit an intra day high at Rs.110.05. It is currently up almost 3% at Rs.109.20. The stock is up, reacting to its announcement yesterday after market hours that it has commissioned the second Hydrogen Manufactur ...

ICICI Sec in the red

about 3 years ago

Opening over 2.5% higher at Rs.720.80, the stock slipped further more than 4% to an intraday low at Rs.710. It has recovered since then and is now trading at Rs.723 levels.

Essar Ports hits a new high!

about 12 years ago

Essar Ports has hit a new high today at Rs.140.50 with massive volumes at 6.42 lakh shares today alone compared to 2-week average of 11,000 shares. The stock has zoomed up high on unconfirmed news that the company is in early stages of talk with Adani group to sell off some of its ports and ...

Aravali Sec

about 18 years ago

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ICICI Sec hits new high

about 3 years ago

ICICI Securities is in the limelight today morning with the stock price rising more than 15% to Rs.650, which is also a new 52-week high. It has come off the highs now

ICICI Sec gets listed at 17% discount

about 9 years ago

ICICI Securities IPO had received a very poor response where for the first time in three years, issue was subscribed less than 80%. It was institutional investors who bailed out the issue

Essar Oil top loser on BSE

about 12 years ago

Essar Oil is currently the top loser on the BSE, down 4% at Rs.104 and this is its intra day low point. Coincidentally, on today’s day last year, 26th May 2014 the stock had hit a new 52-week low at Rs.78.10. The stock is down on the back of its poor performance for Q4FY15 wherein its ...

Essar Oil up almost 4%

about 14 years ago

Essar Oil is doing well today morning. The stock is up almost 4% at Rs.81.70 with an intra day high at Rs.84. Its 52-week high is at Rs.96.15. The stock is up after the company issued a Press Release stating that it had completed the process from exiting the CDR loan facility. The company ha ...

Essar Oil hits the roof

about 13 years ago

Essar Oil is a big gainer today, up 5% at Rs.63.35, locked at the upper circuit. Volumes were huge at over 20 lakh shares today morning compared to around 3 lakh shares over past two weeks average. The stock has hit the roof on the back of its lower losses (YoY) in Q1FY14 despite having turn ...

Shipping companies sail high

about 13 years ago

Shipping companies are on a roll today, led by Essar Shipping, which is up over 3.2% at Rs.20.50, its current intra day high. Mercator, Shipping Corp of India, Bharati Shipyard, Varun Shipping, GE Shipping; all are in the green. The reason for this sudden spike up in shipping stocks is thank ...

Shipping stocks sailing in green zone

about 10 years ago

SCI is currently up in the green, up over 3%, figuring amongst the top gainers on the BSE. GE Shipping had also risen up sharply by around 3%, Chartered Logistics is up 2%; Essar Shipping has shown the maxium jump up – up over 17% with volumes surging almost 16 times. Allcargo Logistics is ...

Delhivery

about 4 years ago

Unlikely to Deliver Gains
Subscription Start Date :11 May 2022 End Date :13 May 2022
Issue Size : 5235 cr, Issue Type : Fresh cum OFS
Price Band : Rs.462 to Rs. 487
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Overall Subscription : 1.63x
QIB : 2.66x,HNI :0.3x,Retail :0.57x,Other :0.27x
Listing Date : 24 May 2022, , Listing Price : 495

Angel One

about 6 years ago

Verdict :Surging stock indices make it a ‘short-term angel’
Subscription Start Date :22 Sep 2020 End Date :24 Sep 2020
Issue Size : 600 crore, Issue Type : Fresh cum OFS
Price Band : Rs.305 to Rs. 306
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Overall Subscription : 3.94x
QIB : 5.74x,HNI :0.69x,Retail :4.31x
Listing Date : 5 Oct 2020, , Listing Price : 275

NMDC

about 17 years ago

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NMDC

about 17 years ago

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AMR CONSTRUCTIONS

about 18 years ago

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Powergrid InvIT

about 6 years ago

Verdict :Attractive for Fixed Return
Subscription Start Date :29 Apr 2021 End Date :3 May 2021
Issue Size : 7735 crore, Issue Type : Fresh cum OFS
Price Band : Rs.99 to Rs. 100
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Overall Subscription : 4.83x
QIB : 4.63x,HNI :5.07x
Listing Date : 17 May 2021, , Listing Price : 104

Q3FY12 - WHAT TO EXPECT OR BEST, EXPECT NOTHING!

about 15 years ago

Last fiscal Q3FY11 held more promise and more than sustainability, it was about good growth. But this fiscal, Q3, especially after a not-so-good Q2 and interest regime and falling rupee, does not paint an overall good picture. A trim to the topline growth and surely a hair cut for the bottomline growth seems inevitable...

ARCHEGOS –FAMILY OFFICES SPLIT WIDE OPEN

about 6 years ago

Almost every person we spoke to today first wanted to know what this “Archegos Capital” debacle was all about. And when we started explaining, the quick retort was, “Is this another Lehman crisis? Will it affect India?” That’s all – that’s the bottomline; if it impacts India then tell us the details or else, well, its ok not to know everything!

Bharti Airtel moves on African tunes

about 12 years ago

Bharti Airtel has hit a 2.6 year high today at Rs.391.40 and though it has come off this high, it remains strongly in the green, up over 3.5%. The stock has surged enthused by the news that its wholly subsidiary in Kenya, which is Airtel Networks Kenya, has signed a definitive agreement ...

GSPL shows robust volumes

about 11 years ago

Gujarat State Petronet Ltd (GSPL) had declared its Q1Fy16 performance last week and today, it is reacting to that, with investors taking positions on the counter. The stock hit a new high today at Rs.141.30 As against a two-week average volume of 85,000 shares, today alone it clocked volumes of a ...

Debt-ridden stocks in red

about 9 years ago

RBI yesterday stated that it has identified 12 accounts which would b eligible for immediate referencing for bankruptcy proceedings. These 12 represented 12% of the gross bad loans in the banking sector.

DB Realty zooms up 20%

about 9 years ago

DB Realty zoomed up like a rocket to hit the 20% UC at Rs.43.70, clocking some phenomenal volumes of almost 9 times in minutes.

Tata Power and Adani power up

about 8 years ago

Tata Power is currently the top gainer, the stock price breached the 25% UC at Rs.86.15, with volumes surging over 4.5 times.

Union Bank slips and falls

about 8 years ago

Union Bank of India (UBI) is the top loser on the BSE since opening bell today. The stock opened with a loss of almost 5.5% at Rs.75, going down further 8.5%

Shipping stocks sail high

about 6 years ago

GE Shipping has held its steed among the top five gainers on the BSE since the morning. From its close of yesterday at Rs.344.50, it today surged to hit a new 52-high at Rs.391.80.

BBox top gainer

about 4 months ago

The stock was the top gainer on the BSE, up 8.66% at Rs. 1,051.95 versus a previous close of Rs. 968.15. The stock opened at Rs. 976.75 and moved up to an intraday high of Rs. 1,054.90, with turnover at around Rs. 7.14 crore.

HDFC Bank spurts up

about 12 years ago

HDFC Bank is up in the green today, up over 1% at Rs.1078.75, with an intra day high at Rs.1092 and low of Rs.1070.25. The stock is up since the Bank initiated the process of raising Rs.10,000 crore from domestic qualified institutional investors and FIIs after getting a FIPB approval for th ...

SIS (India) hits lifetime high

about 9 years ago

Security and Intelligence Services (India) Ltd (SIS (India)) hit a lifetime high at Rs.1035 and remains firmly in the green.

Suzlon Energy in the limelight

about 9 years ago

Suzlon Energy today rose some 2.5% to Rs.13.79 and even now, remains around the same levels. Its 52-week high and low stands at Rs.22.25 and Rs.12.80 respectively.

Infosys whistled into green

about 7 years ago

The stock opened higher at Rs.535 from its close of yesterday at Rs.535 and rose to an intraday high at Rs.579.35.

Coforge up 7%

about 5 years ago

It opened 2% higher at Rs.5605, going up to an intraday high at Rs.5874.95, up 7%. Its 52-week high is at Rs.6029.40.

BS TRANSCOMM

about 18 years ago

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BUYBACK IS A GOOD WORD

about 7 years ago

Just as we are on the prowl – looking for stocks which hit lows to shore up our portfolio in these troubled times, promoters of various companies are also looking at their own stocks. Buyback has become a good word on Dalal Street.

RULE 46A - PRESENTING A PICTURE OF WHAT IS NOT

about 15 years ago

Earlier, till Q2, companies had to necessarily mark-to-mark the loss incurred on the various forex transactions, be it loans or hedging or complex derivative instruments. But in Q3, just before the quarter was coming to an end, a new rule was passed, Rule 46A in AS-11, wherein a company

CDR - AN ESCAPE ROUTE FOR PLANS GONE AWRY

about 13 years ago

As per data on the CDR cell website, since its inception till 31st Dec'13, it has received 605 cases (365 cases as at 31st Dec'11) of which 105 cases were rejected, approving 443 cases. There were 69 cases which exited the CDR successfully while currently 259 cases are 'live'.....

HOW IS RAJAN RESPONSIBLE FOR JAYPEE'S RS.65,000 CRORE DEBT?

about 12 years ago

The market is extremely weak today with no immediate positive trigger on the horizon. With mixed predictions coming in for monsoon - IMD says rainfall will be at 88% and Skymet says it would be 102%. So uncertainty has only grown deeper. And in the midst of all this, we have highly leveraged companies, most infra and capital goods companies and even realty companies sitting tightly in deep red on the bourses. The market is disappointed with the hawkish stance of the RBI Governor and these stocks

HIGH DEBT COMPANIES -NEED TO HAVE A RELOOK?

about 12 years ago

The RBI reduced rates and there is hope that it has finally begun the downward rate cycle. So when the rates were up, we shunned high debt companies and now if rates are coming down, do we need to relook at some of these high debt companies? These companies are sure to show

STAKE SALE BY PROMOTERS - NOT ALWAYS A BAD THING

about 12 years ago

The big news in corporate India today is obviously the four core founders of Infosys - Narayana Murthy, Nilekeni, Shibulal and Dinesh sell 3.26 crore shares held by them at a base price of Rs.1988/share. These four together hold 12.4 crore shares and they were offering to sell 25% of their holding. And why did they sell?

PLEDGED SHARES - NO LONGER THE NIGHTMARE

about 12 years ago

When you start selling your family gold and silver, especially when all know that you are otherwise leveraged to the hilt and are facing a tight liquidity crunch, surely it means that you have hit rock bottom, as far as your financials are concerned. That is how we view things in personal

DIESEL DEREGULATION & GAS PRICE HIKE - WHOs, WHYS, HOWs & WHATs

about 12 years ago

Diesel price deregulation and gas price hike were two 'items' on the expected agenda. These decisions had been deferred for so long that one had stopped expecting them. But this 'Sunday special' was indeed a big surprise. So we now take a quick Q&A of these two happenings, trying to understand the concept better.

PRIVATE SECTOR CEO TO HELP TRANSFORM PSUs?

about 13 years ago

Ratan Tata heading NHPC? Or maybe Anil Agarwal heading Coal India? Sounds implausible, doesn't it? Well, if the Govt has its way, it has mooted an idea - why not appoint private sector honchos to head PSUs, maybe starting with Coal India and NHPC? Coal India is currently 'headless'. The CEO of the company, Narsing Rao resigned from the post in May'14, as he is seeking to play a decisive role in the newly formed stated of Telangana.

HOW MUCH MORE WILL RUPEE 'APPRECIATE' MODI'S WIN?

about 13 years ago

Rupee opened at a 11-month high of 58.53 against the dollar riding high on the Narendra Modi-led win by the NDA at the national elections and subsequent inflows in domestic equity markets. So within a week, the rupee has appreciated from Rs,60 levels to now Rs.58 levels. The news on the Mint Street is that RBI likely intervened and stepped

CHEAP CHINESE LOANS - NEED TO BUILD A GREAT INDIAN WALL

about 13 years ago

But there is an ominous trend around these "cheap" loans. These loans are coming as a "packaged" deal. Anil Ambani, in the real sense, started the trend - he was amongst the first to borrow huge money from China, not once but twice. The first time was in 2011 when Ambani needed $1.9 billion to fund his 3G needs for Rcom. The loan came underwritten from China Development Bank and it was recorded

NOT A GOOD TIME TO BET ON HIGH DEBT COMPANIES

about 11 years ago

The RBI reduced rates and there is hope that it has finally begun the downward rate cycle. So when the rates were up, we shunned high debt companies and now if rates are coming down, do we need to relook at some of these high debt companies? These companies are sure to show some

RUPEE AT NEW LOW - BHAAG RUPEE BHAAG!

about 14 years ago

The general perception is that falling rupee and falling stock market could mean only one thing - FIIs are selling. But FIIs are not dumping stocks as being speculated. Yes, they always sell when the rupee falls as the value of their portfolio declines. As per data put out by SEBI, on 6th June'13

CDR - THE NEW PAIN KILLER FOR INDIA INC's INDULGENCES?

about 14 years ago

Debt has become a bad word, taboo on Dalal Street. The moment any company starts showing signs of stress due to high debt, it is dumped like stinking garbage in the dustbin! Companies with high debts always existed and one would have thought that with interest rate cycle now turning downwards, it should actually stop being such a big issue. But in this current environment of bear cartels, margin money pressures and pledged shares

HIGH DEBT COMPANIES - RBI RATE CUT WILL SURELY HELP!

about 14 years ago

The much anticipated RBI policy is scheduled for tomorrow and as usual, expectations are high that the Governor will reduce interest rates. If he does do that, well, there might be no stopping the markets and if he does not, well, again no stopping the market, from falling! Suppose RBI does reduce rates? Is it then time to relook at companies which are sitting on high debt? These companies are sure to show some saving in the interest outgo

CDR - FROM BITTER PILL TO BARFI!

about 14 years ago

Earlier CDR meant the company was close to being declared sick but today, everyone knows the company is in trouble but CDR is like a magic pill that will get the company back into health. This positive perception towards CDR is on account of various past success stories

CCI PROBE OF OMCS - A FUTILE EXERCISE

about 14 years ago

CCI believes there is cartelization in increasing and decreasing prices of a deregulated commodity such as petrol by the 3 state OMCs. Logic warrants that cartelization is undertaken only with an objective to benefit. If the OMCs are losing money on every litre of petrol they sell, how can the alleged cartelization stand to fleece the consumers and benefit the companies? Under-recovery, in no language, stands for 'gains'!

INDIAN LEADERS KEEP FAITH OF CHURCHILL ALIVE

about 14 years ago

Winston Churchill, 65 years ago had said, "Power will go to the hands of rascals, rogues, freebooters and charlatans; all Indian leaders will be of low caliber and men of straw. They will have sweet tongues and silly hearts. Giving falls promises will be their game with the poor and stupid masses. They shall be shameless and unpatriotic in their ways

FALLING RUPEE - THE PULL OF GRAVITY GETS STRONGER

about 15 years ago

But why is the rupee falling so much? There are two factors now playing up the rupee. Firstly, dollar continues to remains the safest currency and it will remain so till the Eurozone stabilizes. Thus till the macro economic fundamentals around the world does not settle down, rupee will face selling against the dollar. Earlier, it ....

CDR CASES DOWN BUT AMOUNT MORE THAN DOUBLES

about 11 years ago

Corporate Debt Restructuring or CDR is hugely popular with traders. The moment a company announces that it is getting into CDR, the stock price zooms up. This is like a patient diagnosed with cancer; the moment one gets to know that chemo and other medications have been started, there is hope and hence optimism.

RUPEE AT NEW LOW - HEADING TOWARDS 70, FAST AND FURIOUS!

about 11 years ago

All attention has now been diverted from the falling stock markets to the falling vis-Ã -vis the US dollar. Today, the Rupee hit a new 28-month low at Rs.67.47, a level last seen on 4th Sept 2013. In FY16, the rupee till date has fallen 7.34%. Almost all Asian currencies across the board showed a fall, except Japanese Yen. Singapore dollar, Chinese yuan, Taiwan dollar, Hong Kong dollar, Malysian Ringgit and Chinese Rupiah - all were down.

UNION BUDGET FY20 – A SURGICAL STRIKE, DECIMATING ALL OPPOSITION

about 8 years ago

It is an election budget! There is no doubt on that! And who said that it was an interim budget? It was a full budget! The Budget has tried to keep all the voters happy – farmers, middle class, home owners, corporate India. At the moment it is a little difficult to see who among them is happier

RETROSPECTIVE NEEDS INSTROSPECTION

about 6 years ago

So, here, the ruling of the highest court of India, the SC, was trampled under retrospective legislation, creating an unstable and uncertain environment. The BJP had rightly criticized this but did nothing after it come to power in 2014 about this retrospective tax.

Will the Ordinance and RBI Solve the NPA Problem?

about 9 years ago

There is a very well written article published by the All India Banker's Confederation. It has asked so many uncomfortable questions, putting everyone, right from the ruling Govt to the RBI in a corner. Its a slightly long read but do read...

UNION BUDGET 2015-16 - DEFINITELY NOT SARVE BHAVANTU SUKHINAH!

about 12 years ago

Well, after a lot of hype and hoopla the D-Day is finally over. The most awaited event of the year for the market is over and done with. And we continue to wait. If this was the test of Modi Sarkar, the much talked about promise of achche din, well, the Budget will not go down too well with the masses. He had talked about achche din for the masses, right? In that case, this Budget has done nothing for us, we the individual tax payers.

SEBI GETS ITS MOJO BACK - GOES ALL OUT ON INSIDER TRADING

about 12 years ago

Finally, SEBI's teeth will be put to use! The much needed bite - tighter insider trading norms have come into place. What's has come in place, compared to the ramshackle 'norms' we had is good, aligned to international standards. Before we get into the merits and demerits of the new norms a quick look

ALIBABA IPO - INVESTORS EXPECTING "KHUL JA SIM SIM!"

about 12 years ago

For many of us, Alibaba brought to mind an Arabic youth, who was blessed with crates of treasure when he stood in front of the cave and said the password, "khulja sim sim". And today, that Alibaba has nothing to do with this fable. This new fairy tale is about a Chinese boy

BUDGET FY14 - THE GAINERS AND LOSERS

about 14 years ago

On the whole the Budget was a lot of talk but there does not seem to be the right stride in the walk to meet this talk. The Finance Minister on one hand said that the FY14 plan expenditure is to be raised by 30% but at the same time, he says that fiscal deficit for FY14 will come down to 4.8% from the current year estimate of 5.2%. How does this math add up? There is a massive jump in social schemes, so one wonders how the fiscal deficit

UNION BUDGET 2013-14 - WHAT TO EXPECT?

about 14 years ago

The countdown has begun. Though the "official" date for the Union Budget 2013-14 is not yet declared, "unofficially" routine over so many years suggests that in all probability, it could be held on 28th Feb, Thursday. Listed below are expectations of our Editor, Mr.SP Tulsian.

SHIPPING – AHOY, AHOY! SAILING HIGH!

about 5 years ago

Thus when we read the news that the price of container shipping cost has skyrocketed, naturally, the first reaction is a sense of optimism. And it is only when you look deeper inside, you realise that there is more to this – yes, there is a surge in economic activity across the globe but the prices are driven northwards more on account of disruptions in supply chains as countries across the world rush to restock inventories

TANKERS AHOY!!!

about 7 years ago

Someone making truckloads of money in this pandemic? Seems like a misnomer? Well, there are always two sides – loser and gainer. While the virus has rendered more losers than gainers, there is one sector which never ever had it so good. In fact when economy slows, this industry sags the most

SLASHING SMALL SAVINGS RATE - A PINCH WHERE IT HURTS THE MOST!

about 11 years ago

While we were busy enjoying the T20 matches and the lazy weekend, the Modi Govt was pretty busy. Friday evening, after we all had shut down for the weekend, the Govt slashed interest rate on all our small savings, including PPF and Kisan Vikas Patra (KVP). These rates will be reviewed quarterly and not annually.

KILLING THE HEN AND GOLDEN EGGS

about 7 years ago

LIC was being used like a wealthy father. He works hard, makes lots of money but the undeserving relatives around him put on a poor face due their own irresponsible behavior, and the ‘father’ is forced by the ruling grandparents to hand out so much dole

INDIAN RUPEE HAPPY TOO!

about 7 years ago

While the Indian stock markets continue to celebrate the historic victory of Modi, the attention has shifted a bit to the Indian rupee market. The rupee has been struggling for the past few months, trying to find its feet but crude continued to act as a quicksand and sucking it further down

THE POWER PLAY

about 8 years ago

It was after a long time that we saw power companies back in the reckoning. Tata Power and Adani Power were among the top gainers. The reason? Yesterday, the long awaited directive came from the Supreme Court – it has put the ball back into the court of Central Electricity Regulatory Commission (CERC), asking it to amend the power purchase agreements (PPAs) w.r.t three imported coal-based power plants

PARADISE PAPER LEAKS – NOT EVEN A FLY WILL GET SWATTED IN THE RICH’S GARDEN OF EDEN

about 9 years ago

The Paradise Paper leaks, the second largest leak in the world after the Panama Papers, has created quite a lot of hell, especially for the elite and super rich, living in the Garden of Eden. This has created a flutter on the international media; for once, Trump is not the leading story!

CDR CASES DOWN – THAT’S GOOD NEWS!!

about 9 years ago

Corporate Debt Restructuring or CDR is hugely popular with traders. The moment a company announces that it is getting into CDR, the stock price zooms up. This is like a patient diagnosed with cancer; the moment one gets to know that chemo and other medications have been started, there is hope and hence optim

RBI IN THE DRIVER’S SEAT – NPAs WILL REACH ITS DESTINATION?

about 9 years ago

When someone says, “Insolvency” or “Bankrupt” what is the picture that comes to your mind? Call it the effect of movies but the first thing which the mind see’s is an officer downing the shutter or locking the gates of the factory while the owners cry and wail. Then there is the scene of owners absconding and hunt is on to find them while labourers are agitating that they have not been paid.

INDIA'S 'PHOREN' SHOPPING SPREE - KEEP THE BILL SMALL!

about 11 years ago

2006. Oh we all felt so proud! The largest acquisition ever in this world and that label belonged to an Indian company. Tata Steel buying Corus. The price tag was unheard of - a staggering $13.6 billion. We all knew it meant that this would leverage the balance sheet of Tata Steel to the hilt. But we could not be blamed then;

Non NCLT Penny stocks - gaining attention and traction

about 6 years ago

Trigger is the RBI Prudential Framework for Resolution of Stressed Assets Directions 2019, where stressed companies are resolved out of IBC.