Liberty gets last call to clear Adhunik dues
The London-based company has been provided this 'one opportunity' by NCLAT to close the transaction by April 14
https://www.telegraphindia.com/business/liberty-gets-last-call-to-clear-adhunik-dues/cid/1687711
Rs 410-crore = A$84M.
So is Mr Gupta's empire:
a) cash-strapped?
b) stringing out the process?
c) all of the above?
Neither option sits comfortably with SIMEC being HAV's Plan A.
Locking up the Fe assets for another 30 days for $Nil consideration, particularly given HAV's financial position, is inexplicable.
Then again, these are the people that brought us those deals with Bergen, CMC, Investec and NAB. Maybe that’s why they get to keep drawing down the big bucks courtesy of the Investec credit card..
DYOR
Ann: SIMEC Exclusivity Extended on Iron Ore Projects, page-17
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