- This topic has 148 replies, 39 voices, and was last updated 4 months, 3 weeks ago by jmathew.
January 22, 2020 at 7:17 pm #3472kpal
Yes, Certainly transfer of pledged shares from one lender to the other lender, It should e read as change of hands, Nothing more to it. Whats important is closure of all loan accounts, Automatically release of pledge shares will happen. That means the market participants are not concerned aout 61% pledged shares, Nor aout Daum. What they want is clarity of earnings reflected in the annual accounts as they are not completely audited ( 40% ) Therefore the demand for ig 4 auditor to audit the accounts 100% & As & when this formality is complete. Market will re rate this stock & No one will get a chance to enter at this price for certain.0January 22, 2020 at 7:43 pm #3478Lycos_InvestorRegistered Boarder
My Post regarding Axis bank auction of properties given as securities for the 36 crore loan is not getting posted. Axis bank has sent a letter on this on 6th Dec 2019. Not sure why company did not report this to exchanges0January 22, 2020 at 9:24 pm #3484tanv151Registered Boarder
Looks like this notice was given on 6th Feb 2019. Not sure if they ended up having to auction the property.
https://www.axisbank.com/docs/default-source/default-document-library/lycos-internet-sale-notice.pdf0January 22, 2020 at 10:15 pm #3497Lycos_InvestorRegistered Boarder
Yes, tanv151 you are seeing the old notice, if you traverse through other pages you will see a recent notice dated 6 dec 2019. Auction starts 9-Dec-2019 and ends 26 Dec 2019. Notice being published on Indian express and namsthe Telangana.
New notice – https://www.axisbank.com/docs/default-source/default-document-library/brightcom-sale-notice-061219.pdf0January 23, 2020 at 1:36 am #3498
That is in personal capacity and has nothing to do with being the BCG CEO or BCG loan.
Interesting.0January 23, 2020 at 1:39 am #3499
WOW. V interesting. That could be the reason. so SKR playing cool a nd did not want to say any thing when asked at the CONF CALL.
Suits BCG very welll then0January 23, 2020 at 3:09 am #3501
So what. small amount.Koi personal loan wagairah hoga merey khayal mein.
I think SKR also said some misunderstanding was there.
Purnai baat ho gai ab to. aagay dekho.0January 23, 2020 at 3:09 am #3500Tanveer Alam
Bullguru ye asset bech diye gya axis bank k taraf se0January 23, 2020 at 9:26 am #3503kpal
What all happens are considered as news flows & Events,ut what actually matters is nothing else ut earnings & Here price is not matching earnings, The reason is simple, The market participants do not elieve in the numers, Therefore ig 4 audit is asked for & The Promoter has assured with regards to the same & As soon audited results are furnished, All Tom, Dick & Harry will jump on the andwagon, Taking the stock price up, up & Up. With regards to auctioning, It indicates, The lender Axis has got its money ack, In other words Loan amount cleared, Good times, Ahead. Wait for it.0January 23, 2020 at 9:46 am #3506
New buyers of PO must havebeen told by
SKR all is good to get them buy in.0January 23, 2020 at 10:22 am #3507rajeshmkRegistered Boarder
Hello, Any update as to who were the parties involved in the trade of 5Lakh shares on bse yesterday0January 23, 2020 at 10:36 am #3509m4max1979Registered Boarder
Guys I do not think Axis Bank loan is cleared since there is no Loan closure letter from the bank so far and there is no update on MCA. Moreover, when Axis already has pledged shares of the promoters then why will it settle and close the loan. I understand that it will take time but could be as early as March 2020 as Banks are in a rush to pump their numbers BUT that too would happen only when Axis and BCG reach an agreeable settlement amount.0January 23, 2020 at 11:04 am #3511Odysee
Kpal, unlikely that loan amount of Axis bank is cleared. A relatively small sum was realised if the auction was successfully concluded. The notice talks of Rs 41 odd crores, and this auction would have yielded about 6.5 crores appropriately. Whether the entire balance is due or a fixed settlement figure is payable is not clear. The one time settlement issue referred to by SKR in November 2019 is yet to be resolved I presume. The proceeds of the preferential allotment could well address that.0January 23, 2020 at 11:19 am #3515
A bit strange… last quarter Comfort fincorp sold some 17.6 lakh shares in open market due to which the promoters share holding should have come down.
But I see that the number of shares held by promoters is DITTO same!!
Except the pledge has increased.
That means comfort sold in open market. Mr Reddy purchased from Open market…And all this has not been reported to exchanges!
Am I missing something or its actually like that?0January 23, 2020 at 11:39 am #3517
when asked during last conf call re this issue he said it was pesronal i thin kand there was some misunderstanding and he may issue a notification/letter. some thing like that i remememebr
h0January 23, 2020 at 1:18 pm #3525
Confusion was on selling the shares by Comfort Fincorp why they sold.
Had he bought the same from Open market. A disclosures should have been made to the exchanges.
POOR Corporate governance standards!0January 23, 2020 at 1:35 pm #3527
all good. his holding % not changed. He sais there was some mistake by some one or some thing.0January 23, 2020 at 4:35 pm #3544acerforceRegistered Boarder
I wonder how is he running his company and all those subsidiaries… with such bad corporate governance..0January 23, 2020 at 8:42 pm #3566
Certainly its joke!!
He can’t escape everytime.. the promoters has been fined earlier as well for poor disclosures.
Infact , such things points out towards the direction of fake numbers..If he can publish anything just like that..he can literally do anything.0January 23, 2020 at 9:01 pm #3563Rajesh
Shareholding of Edelweiss custodial service Ltd is more than 1 Percent .
Whether he purchased from open market?0
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