I very highly doubt Jindal would go to these extreme lengths to exit RCI now. They would've spent a large amount of money on advisers preparing this current deal not to mention the amount of money they've already laid down in establishing a substantial holding in RCI.
All the articles I've read relating to Jindal's current operations describe their genuine desire to acquire various stakes international mining assets to sure up supply for their massive steel business in India. This one definitely looks like the real deal, however they'll have to show some real money if they want this to get across the line.
Personally I doubt Kailuan will come to the table with a late minute offer, that would seem a bit rushed, and risky, to me considering they expressed interest in the company only a few of months ago.
RCI Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
