RE: Another 500% on MPL23 Apr 2026 15:17
Tiger16 you have to make that call yourself. But remember you was so negative after you sold out and thought they had no chance against a billionaire.
I will say this though, the supreme courts which are the highest courts in India got involved and made the COC have a meeting with MPL to consider their proposal.
"The Supreme Court has directed the Committee of Creditors ("CoC"), led by Prudent ARC Ltd, which now holds the Company's debt, to consider the Company's proposal under Section 12A of the Insolvency and Bankruptcy Code. "
So I personally think they will block the acquisition from taking place as MPL have the ability to completely pay off the debt and fund future developments. Again it is high risk but if goes in favour then huge gains to be made.