Thread by @IamMisterBond

Great news for #Investors. Verdict is out in #FranklinTempleton saga:

YES for #Winding Up all 6 schemes.

Now Goal Post should change and focus on giving mandate to @FTIIndia for liquidating assets. Here is my Thread on this subject:

Good news for #Investors of #franklintempleton :

-Total Cash Collections of all 6 schemes Rs.13789 crs +

- 5 out of 6 schemes cash positive

- only 6% of AUM left as borrowings in Income Ops

All this without any active intervention/selling/monetizing.

Imagine implications to positive liquidity creation when Fund Manager is allowed to actively Liquidate/Sell securities

More than half of this collected amount is from A rated securities followed by AA.
More than 29% is from Unlisted securities and more than 74% from Schemes that are sole or majority holders.

Wrong narratives of illiquidity, 70-80% hair cuts, etc. all exposed based on above data and collection figures (that too collections of A, AA rated and unlisted securities)

#GoalPost should now change to ensure giving mandate to #FM to liquidate and get best rates for underlying securities.

He has created structures/securities. He will be able to negotiate best pricing for Investors

You had trusted him for past 15 years. He delivered best results so far. Give him an opportunity to redeem himself. Trust him for some more time.

You had given him flak over past 1 year, now give some slack and let him give best results in favour of #investors

By now #Investors should realize how they were misled all through this time. It is never too late to make amends. Trust @FTIIndia to work in their favor and leave behind this nightmare behind us once and for all