Discover and read the best of Twitter Threads about #promoter
Most recents (7)
1/50 #Science is an ongoing process that serves to investigate phenomena, gain new insights or "correct prior knowledge" and this only works in #discourse. This includes diversity of #Opinion, #tolerance and a broad debate space. This is a large thread.
2/50 "#trust the science" is in my view the most #antiscience statement ever. #Questioning science is how you do #Science. This thread gives some examples and further questions.
scientificamerican.com/article/why-do…
scientificamerican.com/article/why-do…
3/50 What about good ##scientific #Practice? I found a glaring example here (of all things, in what I consider to be a rush to #vaccine #approval). #blotgate
trialsitenews.com/a/startling-ev…
trialsitenews.com/a/startling-ev…
“Good corporate governance is about 'intellectual honesty, not just sticking to rules & regulations, capital flowed towards co that practice good governance'
Mega thread 🧵 of Corporate Governance issues, frauds exposed by us
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Mega thread 🧵 of Corporate Governance issues, frauds exposed by us
Like Share Retweet Follow if you find valuable
Before moving ahead if you want to know who is behind Beat The Street and What exactly Beat The Street does?
Here is thread
All thanks to the team behind the stage @SudzzBTS @nimishshp
Here is thread
All thanks to the team behind the stage @SudzzBTS @nimishshp
If you want to read Beat The Street Corporate Governance Coverage in documentary format you can read here
docs.google.com/document/d/1dt…
docs.google.com/document/d/1dt…
#DeepakNitrite manufactures Basic #Chemicals, Fine & Speciality Chemicals and Performance Products.
Major products of the company are #Phenol #Acetone #Cumene #DASDA #Inorganic Salts #Xylidines #Toluidines
Major products of the company are #Phenol #Acetone #Cumene #DASDA #Inorganic Salts #Xylidines #Toluidines
#Revenue Mix and #Location details as below:
Company’s turnover entails from the Domestic Revenues which stood at 58% of Total Revenues and the rest 42% came from Exports
Company’s turnover entails from the Domestic Revenues which stood at 58% of Total Revenues and the rest 42% came from Exports
Recently company has started commercial production of #Isopropyl Alcohol #IPA.
Isopropyl alcohol is mixed with water for use as a rubbing-alcohol antiseptic. It is also used in aftershave lotions, hand lotions, and other cosmetics.
Isopropyl alcohol is mixed with water for use as a rubbing-alcohol antiseptic. It is also used in aftershave lotions, hand lotions, and other cosmetics.
Thread
#YesBank Story
How Rana Kapur gobbled 5000 crore in kickbacks
Give out loans to doubtful Co's
They become NPA's
Instead of declaring em NPAs & initiating recovery proceedings, Kapoor conspired with the companies & got them to invest in firms run by his wife & daughters.
#YesBank Story
How Rana Kapur gobbled 5000 crore in kickbacks
Give out loans to doubtful Co's
They become NPA's
Instead of declaring em NPAs & initiating recovery proceedings, Kapoor conspired with the companies & got them to invest in firms run by his wife & daughters.
In 2015, @RBI, under asset quality review, the RBI inspectors found that #YesBank had suppressed its NPAs — reportedly underreporting the same by Rs 2,299 crore in 2018-19, Rs 6,355 crore in FY 2017 and over Rs 4,000 crore in FY2016 —as well as it had cooked up its balance sheet.
Rana Kapoor continued his rein till 2019, when he was shown the door, but by then, it was already too late
Meanwhile, the bank’s bad loans kept growing. Following the RBI’s asset quality review in 2019, its gross #NPA's surged 87% from a year ago, Its net NPAs more than doubled.
Meanwhile, the bank’s bad loans kept growing. Following the RBI’s asset quality review in 2019, its gross #NPA's surged 87% from a year ago, Its net NPAs more than doubled.
#DDT impact only on promoters and #hnis in monetary terms is not large but the signaling and sentiment impact is larger. A quick short thread on listed #equities ( will add more actual data instead of ballpark nos ).
1) total market cap of indian stocks = 150-160 lakh crores. Exact no as per bse market 153,04,724 crores. 2) 10% of that #marketcap is #PSU companies. Most of these companies at 5% yield or more 3) The dividend yield of #nifty500 has been in a range of 1-2% again #psus majorly
4) Consider 10% of the total market cap of india doesnt pay much dividends. 5) Left with a market cap of 120 lakh crores and 1% yield. 6) total dividends given a year say 1.2 lakh crores. 7) Out of this 50-60% of holding is with promoters rest 30% with foreign and domestic insti
This post is a crash course on promoter funding, which serves as a bedrock for my next post.
Promoter funding/ financing, is the colloquial term used for raising of debt funds by Promoters of companies usually against the security/ comfort of shares. Thread 1/13
Promoter funding/ financing, is the colloquial term used for raising of debt funds by Promoters of companies usually against the security/ comfort of shares. Thread 1/13
A promoter, many a times, needs money for (a) equity infusion in a new/ growing business, (b) personal use (c) enhancing stake in established business (d) family settlement etc.
If he doesn't have enough cash at his disposal, he borrows from finance firms. 2/13
If he doesn't have enough cash at his disposal, he borrows from finance firms. 2/13
The most liquid and widely accepted collateral/ security for these borrowings are shares of established (usually listed) companies.
These shares are pledged to the financing firm (or a trustee) to avail of the debt facility. 3/13
These shares are pledged to the financing firm (or a trustee) to avail of the debt facility. 3/13
Rana Kapoor's Grandstanding
The Economic Times, today, on its front page, carried a news item proclaiming 'Rana Kapoor holding companies pre-pay part of loans'. Nothing can be more misleading than the use of word 'pre-pay'. Thread 1/8
m.economictimes.com/markets/stocks…
The Economic Times, today, on its front page, carried a news item proclaiming 'Rana Kapoor holding companies pre-pay part of loans'. Nothing can be more misleading than the use of word 'pre-pay'. Thread 1/8
m.economictimes.com/markets/stocks…
The article quotes Mr. Kapoor's statement that bonds issued by promoter hold cos - Yes Capital and Morgan Credits, have been pre-paid ahead of maturity dates i.e. Oct 2020 and Apr 2021 respectively. 2/8
The clever use of 'maturity date' to imply voluntary prepayment hides the fact that these facilities were probably pre-paid owing to the pressure of fund managers (Franklin and Reliance MF) on account of failure of these hold cos to meet the obligations under the facility. 3/8
