Ann: Non-Cash Impairment , page-6

Scooby2020

Your explanation is pretty spot on. Its just revaluing book value of their assets and its not realy cash,
However it all depends on how market reads this announcement. It should be common news that assets purchased using shares (when Atals share price was lot higher) will have a higher book value.In my humble opiniion, the management is doing the right thing by booking the impairment cost to lower down the value of those acquired asset. This news is neither a positive or negative but its always funny how market reacts to news like this.

Cheers