nifty being valued as a massive liability.
SP is factoring in some degree of insolvency risk - fortunately as far as we know the only liabilities are: (a) State for rehab costs; (b) Citi for the loan. I'd be worried if there was some kind of special loan issued to APAC or L1 giving them priority over shareholders.
Ann: Appendix 4D and Half Yearly Report and Accounts, page-23
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