[sknatani]

Thank @Logan. By sharing your knowledge and insights, you’re empowering others to make informed financial decisions and fostering a more equitable and informed investing community. Keep up the incredible work—your efforts are making a significant impact!

[sknatani]

Million thanks to Admin for creating this beautiful platform. @Logan @odysee are real gems of this platform.

[sknatani]

@ Zoro7, Yes, I too entered in BCG on CI sir’s post in MMB. Thank you CI Sir. CI Sir and Logan Sir Both are priceless gems in this Forum.

Thank you CI Sir for your valuable post.

[sknatani]

@ Chris Thank you for sharing this wonderful article. I enjoyed reading it. Yes it is foolish to cut the flowers (Winners) to water the Weeds (Losers).
It is great honor to be a member of this forum where I am learning through the insights shared by respectable Logan, Admin, Kris and Jay69 some other also.
Regards

[sknatani]

Dear Admin, There are some scripts which have been suggested and recommended by CI Sir. Can you consider to start new thread or discussion on SPTL, BILT, Syncom Pharma, 3i Infotech or ILandFS Investment.

[sknatani]

Thanks Admin yes my post about ILFS is there. Thanks

[sknatani]

Dear Kris

All these stocks 3i, SPTL, Bilt, BHSL, subex, Rpower, ILFS, Srei and Mercator are recommended by a money control boarder with the name of conservative_indian (CI). His posts and insights are amazing.CI has good follwers in MMB. He once mentioned about this forum in MMB that is why I could join this forum. I am holding all these counters from their bottom.
Yesterday I tried to a detailed post about ILFS but I don’t know why it was not posted. I will try again tomorrow.
I am also thankful you, Admin and Logan for their valuable inputs and have a deep regards for all of you.

[sknatani]

Dear Admin
Yesterday I tried to post but the same was not published.
Suresh

[sknatani]

Dear Admin, Thank you for creating New topic “Hidden Gems”. Your BCG forum has helped a lot to understand the ongoing matter. I am very thankful to you, Logan Sir, Kris sir for contributing to the forum. Due to this forum we could hold BCG and still holding with conviction.
My query is regarding IVC or ILandFS. After the company defaulted on its loans in 2018, the Government of India took control of the company and appointed a new board under the chairmanship of Mr. Uday Kotak and some of influential bureaucrats-Mr. CS Rajan Former Chief Secretary, Rajasthan and Mr. Nand Kishore.
IL&FS has around 347 group companies including subsidiaries, joint venture companies and associate entities. Though on the surface, the company appears to have 23 direct subsidiaries, 141 indirect subsidiaries (including special purpose vehicles for different projects), 6 joint ventures and 4 associate companies, each of them is further subdivided into additional legal entities, with much cross ownership as well as ownership by investment vehicles of various governments.
In October last year, the group had targeted to address Rs 50,300 crore of its overall debt by March 2021 and over Rs 56,000 crore by FY2022. The group’s overall debt stood at Rs 99,000 crore, as of October 2018.
The aggregate addressed debt of Rs 43,000 crore comprises Rs 26,800 crore basis completed entity monetisation initiatives and accrued cash balance.
The amount also includes Rs 14,350 crore of additional net recovery expected from resolution and restructuring applications filed with and awaiting approval of the NCLT (Mumbai) and NCLAT and Rs 1,926 crore from Supreme Court verdict passed in favour of Rapid Metro Gurgaon.
The Group has further enhanced its estimates of aggregate debt recovery to Rs 61,000 crore an increase of Rs 5,000 crore over its earlier estimate of Rs 56,000 crore. The upgrade in potentially addressable debt by Rs 5,000 crore (to Rs 61,000 crore) has been largely on account of improved valuations, better operating performance and enhanced recoveries from non-group exposures.
The aggregate debt of Rs 43,000 crore addressed till date represents nearly 71 per cent of the overall revised targeted recovery value of Rs 61,000 crore and 44 per cent of the overall debt of over Rs 99,000 crore (as of October 2018).
Out of total 347 entities under IL&FS Group (as of October 2018) a total of 186 entities stand resolved till date, while the remaining 161 entities are under various stages of resolution.
The company has paid dividend during 2020-21 60 paisa per share, while share price was around Rs. 4. It is first time in history when a company under insolvency has paid dividend.

[sknatani]

Dear Admin, Mr Logan and Mr Kris
Thanks to all of you and many others who are contributing in this beautiful forum.

[Author]

Posts