I
LATEST DEVELOPMENT AND FUTURE OF THE COMPANY.
1.IDBI TRUSTEESHIP SERVICES LTD INVOKED 204,65,05,865 SHARED PLEDGED BY GTL LTD THE MAIN PROMOTER OF THE COMPANY HOLDING WITH OTHER PROMOTERS 19.41 % OF THE EQUITY SHARE CAPITAL AS PER THE INSTRUTIONS OF THE LENDERS.
2.PROMOTERS EQUITY SHARE HOLDING NOW STANDS REDUCED TO JUST 3.44%
3.NOW AROUND 90% OF EQUITY SHARE HOLDING IS IN THE HANDS OF LENDERS.
EXPECTED FUTURE ACTIONS
1.MANAGEMENT CHANGE IS BOUND TO HAPPEN.
2.LENDERS ARE INTERESTED IN THEIR MONEY AND NOT IN RUNNING THE COMPANY AND HENCE THEY WILL ALL LOOK OUT FOR A BUYER OR CONSORTIUM OF BUYERS INCLUDING AMCs
3.TOTAL NUMBER OF TOWERS ARE 28000 IN 22 CIRCLES AND THE EQUITY SHARE CAPITAL IS AROUND RS.12302 CRORES AND THE NET WORTH OF THE COMPANY IS AROUND RS.2598 CRORES
4.IF WE VALUE TOWERS @ RS.40 LAC PER TOWER (REINSTATEMENT VALUE BASIS) THEN THE ASSET VALUATION COMES TO TO RS.11200 CRORES.AFTER DEDUCTING DEBT OF AROUND RS.5000 CRORES THEN THE BALANCE IS RS.6200 CRORES.
5.VALUE PER SHARE BASED ON TOWERS VALUATION WORKS OUT TO RS.5 (RS.FIVE PER SHARE) (AS MAJORITY OF LOANS HAD ALREADY BEEN CONVERTED TO EQUITY SHARE CAPITAL BY BANKERS).TODAY SHARE CLOSED AT RS.1 VALUE AT NSE.
6.FUTURE OF THE COMPANY IF TAKEN BY GOOD MANAGEMENT LIKE RELIANCE JIO OR VODAFONE IDEA OR ANY AMERICAN COMPANY LOOKING FOR FULL USE OF NEW 5G TECHNOLOGY IN INDIA LOOKS TO BE VERY BRIGHT.
AS PER MY PROFESSIONAL INSTINCT GTL INFRASTRUCTURE LTD MAY GET REVIVED VERY SOON AFTER TAKE OVER AS THE COMPANY IS HAVING GOOD PERFORMING OPERATING ASSETS.
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