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Reliance Naval - Garbage Stock which soon erode shareholders wealth as NCLT has approved the Resolution Plan of Hazel Mercantile & Swan Energy
Why Exchanges / Regulators have allowed it to trade? Can't they suspend trading just like other cases
Reliance Naval - Garbage Stock which soon erode shareholders wealth as NCLT has approved the Resolution Plan of Hazel Mercantile & Swan Energy
Why Exchanges / Regulators have allowed it to trade? Can't they suspend trading just like other cases
They will pay around 2k crore against debt of 9k crore
Nothing left for existing equity - delist or equity write off
So be cautious if you are buying Reliance Naval just because Swan Energy & Hazel Mercantile are buying and stock is in upper circuit
Nothing left for existing equity - delist or equity write off
So be cautious if you are buying Reliance Naval just because Swan Energy & Hazel Mercantile are buying and stock is in upper circuit
Reliance Naval NCLT order says existing equity will be cancelled & extinguished. Subject to
Existing SH will get 1 share in RNAVAL 2.0 for every 275 shares held in RNAVAL
Existing SH will be able recover losses if Share price of new entity rose upto 800+ (275x)
#Reliancenaval
Existing SH will get 1 share in RNAVAL 2.0 for every 275 shares held in RNAVAL
Existing SH will be able recover losses if Share price of new entity rose upto 800+ (275x)
#Reliancenaval
