Early settlement reasoning15 Oct 2025 14:14
There are further nuances. Experience shows that the bigger the claim in absolute numbers, the higher the likelihood that the plaintiff will try to settle the case before the judgment. The entire case may come to a conclusion sooner than anyone thinks possible now. In fact, besides the figure stated above, this scenario is part of my base case. India will know that it kicked a veritable own goal, and the longer the country waits with a settlement, the more expensive it will get. Never mind the issues this case throws up in terms of India screwing a foreign investor, which can put off other cases of foreign direct investment.
Given what's at stake now and based on a clear timeline backed by a top-notch litigation financier, who'd bet against a similar development over the coming months? Any share price that is less than 5% of the expected SoC is probably "undervalued", to stick to the spirit of this website.