RE: Build up to hearing1 Jun 2026 08:39
Adani Group WANT the asset. If they think the hearing will go against the CoC decision due to lack of proper process then they’ll make a settlement. IMHO there is zero chance MPL end up with the whole asset back in their hands. MPL would surely take a settlement sum of £20m - quadrupling their current cash position - rather than risk losing out altogether.
I suspect the traders are now done with this stock as it’s too close to the wire. Binary play that cd land at any moment from now. If it’s silence through the week then imv Adani have it sown up, one way or another.