Adani spent Rs 50,000 Crore to buy Bankrupt Companies! But Why?
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- เผยแพร่เมื่อ 26 ธ.ค. 2024
- The Adani Group backed by Gautam Adani has been on a shopping spree, buying out bankrupt companies. We break down why they are doing so in this episode of Finshots TV
kudos to the internal team of adani on finding these debt struck companies and buy them for their own good.
What if Adani is pushing the firms to reach bankruptcy?
@@sadwik1208proof? To push them to bankruptcy, he should own a similar company or some company that supplies raw materials to these companies which not seems to be the case here. How can he force then go bankrupt? I mean, I am not defending him, it might be. But without proofs or even conspiracies, how can wr get to conclusions
Adani have gut do it
BJP has Institutionalised Corruption, in the name of electoral bonds, Bank loan "hair cut" ...all made legal to help benefit their dear MODANI !!!!
@@sadwik1208 what if Rahul gandi married and goes holidays frequently just to meet his wife and childrens ? 😂😂😂
Very well done video of IBC, too good and informative.
This has been quite an insightful video.
One of the most prominent ways to make a profit is to buy an asset/ investment instrument at a price that increases the chances of making a profit in the long run.
Adani's purchase of bankrupt companies seems like a strategy that will most probably bear fruit in the long run.
Buying the companies/ brands/ competitors for a throwaway price, unlocking value with merger of other group companies, getting assets, market share, data and other benefits will stagger as operational efficiencies kick in.
How else would Adani manage to create ports/ power plants in places where these defunct/ loss making businesses were operating?
Land is the most crucial asset in the market of Mumbai.
Adani has won the game of buying at a discount. Now, the game of wait and watch begins where the operational efficiencies kick in and the profits start showing up in the balance sheets.
Excellent video. Thank you for sharing.
Well valid points. But what also needs to be noted is
1. IBC process is an open market process. When any company buys up a bankrupt company, it has bid the highest among the prospective bidders. This also means that the best possible value has been arrived at for the assets in contention (even if they are a fraction of loans due).
2. The haircut is indicative of condition of underlying assets of the company under IBBC. Companies with best assets are sold at high bids (Essar Steel, Bhushan Steel) whereas bad assets fetch the least bids (Sometime close to scrap cost). So haircut should be looked at from that angle.
by getting help from Indian govt
@@rohitjadye1276 Other bidders can easily be intimidated by his dear friend using IT and ED.
Who will dare to bid more than friend of PM?
In gujarat adani got most of the land at cheaper rate long ago, thanx to his friend.
i don't understand business this much but thanks for the information.
@mein3324 bhai, adani got land for adaniport in mundra when congress was in power both in state and central. No where modi or bjp seen. Thanks to congress but yeah modi has supported all our indian businessman and business woman. Not like congress who supported only those who gave chanda-cutmoney to them 😊
Learn & acquire knowledge before commenting. Don't become a fool just by watching reels & videos. Jaankar baniye & satark rahiye 😊
Hit 110k last week, lost over 14k today
Just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, l'm really just confused at this point.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Heard someone mention a couple making around $120,000 during the recent Bitcoin pump. How're they doing it?
I read on CNBC about someone who is netting $20k a month himself from just his tradings in the market, which is from capital he had amassed long ago. That is incredible. How do people do that?
You need a pro that is good at navigating the market. Someone like Angela Reinhard
Please make video on how American private equity is eating up our healthcare sector and indians will have to pay more n more for healthcare in future because of that .
We only have a problem when Adani or Ambani buys companies
That’s a great idea, Arun. We’ll look into it.
Yes this is a big concern, very soon 70-80% of large hospitals will be owned by American VCs, all the big hospital chains are under them already. Hospital costs have gone up in most hospitals in last 3years with price increases way higher than the inflation(say 2x of CPI)
Soon the insurance lobby will also start similar to what is in the US.
@@finshotstv please properly describe the issue.
BJP has Institutionalised Corruption, in the name of electoral bonds, Bank loan "hair cut" ...all made legal to help benefit their dear MODANI !!!!
All hospitals in the US (Government owned, PE, Non PE) have become much more expensive. Stupid to blame this on PE when 90% of of hospitals in the US are not owned by PE. The rise in US healthcare is due to several reasons: Inefficient Insurance Market, Government Regulation, Skyrocketing cost of drugs, too few doctors and nurses, government price fixing schemes that shift the cost to private patients, frivolous malpractice lawsuits, Doctors Union (American Medical Association) limiting number of medical students.
Amid the jungle of idiosyncratic videos in YT, this channel and the videos are really a game changer. Immensely helpful. Carry on
If u make a list of NCLT sold accounts, debt amount, sale price, final buyer.. and voila.. d present REAL BENEFICIAL OWNERS of these companies.. it will make a mother of all scandals together together. If you want to delve a little bit deeper, see which were major reasons/ debtors/ changed govt policies, which led to the original downfall of these companies.
You pinched at the right spot man... Vijay Malaya is an apt example whose loan was deliberately not extended and interest was allowed to accumulate.... It's really interesting to see "The Butterfly Effect" in Indian Government functioning. I'm waiting for a detailed and exhaustive analysis of such examples from a reliable source.
you want to know how the target companies are made to fail? 😇
IBC is a sham and nobody wouldn't dare digging into it.. remember we're not that democratic yet
Great insights and top notch editing!!
More to come!
5:05 - 5:32 So basically... HDFC bank invests public money in the companies that then it goes bankrupt and then Adani (or the likes of him) buys it out at cheapest possible rate?
But this doesn't make any sense to me, I have so many questions...
What happens to HDFC bank's owed money then? How do they recover this? Or does it gets counted towards NPA? If yes, then how will HDFC will pay it back to the depositors if this keeps happening? Or Adani becomes liable to pay the owed money in future? If yes, that's how Adani has become so much debt laden company? If not, then can we consider IBC law was made to benefit just the rich businessman's?
Hi. I am not a fintech guy but from the above video what i can gather and believe is that the bank loan liabilities of the NPA gets transferred to Adani Group with some mutual agreements and terms of repayment
Look half knowledge given in the video
Don't just look on how much buyer pays, it depends on how much worth of asset the insolvent company hold
, just take an example
You purchased a car of 50 lakh on EMI, then you lost your job and unable to pay, go on court and declare your self insolvent, then bank comes at your home and take that car , and then car will get auctioned in public, whoever bid highest will get the car , 5lakh is the highest bidder then he will get the car at 10% of the original value of car ,
Minimum floor price is also get set depending upon the condition of asset
@@mixmansolutions if that is the case then it's fine but still that doesn't answers how a big bank like HDFC is not scrutinizing enough these companies that holds at least some value that Adani is ending purchasing them
Its amazing how this businesses operate,
How are these Adani organisation decides,
Does everything needs to be discussed with Adani ji,
Or there are individual heads and teams of adani enterprises which takes this decisions.
Everything his team decides, he just guides and takes final decision.
Some members of his core team have salaries in crores per annum.
are you newbie ?
BJP has Institutionalised Corruption, in the name of electoral bonds, Bank loan "hair cut" ...all made legal to help benefit their dear MODANI !!!!
FYI
Acquisitions come along with the debt which has not been served before.
No doubt Adani group can manage the same
But this deals are not illogical as attempted to portray in this video(5:16).
Are you sure the debt goes to the new owner?
@@AJ-zg5xw depends on case to case basis
@@AJ-zg5xw it doesnt the amount of acquisition is used to repay all debts
@@AJ-zg5xwIn this particular Adani - Radius case the debt does not come along. But the resolution adopted by the creditors (Home owners included) is that adani has to finish constructing the home at no extra cost to the home buyers. So it's 76cr and whatever amount adani will have to spend out of its own pocket to complete the project as costs have obv inflated otherwise the older builder would have completed it at cost.
@rajan1357
Read up on the law. Banks have taken a haircut on the loan. So there is no debt that comes from the asset.
Basically rascals are buying up things at 95% discount (that too with another loan taken from a bank)
Adani has taken a leaf out of the strategy followed by American entrepreneurs. Wish him the best
Business intelligence!
Modi is our PM or a broker for Adani?! 🤣🤣 If Modi has achieved something in the last 10 years, it is making Adani, Ambani and Gujarat richer!
Because he doesn't care about the country and he wants to die rich but couldn't take and modi does have children and some affairs in his early 25's which got covered up and wrapped on ground.
Adani is giving commission to the present governing body so they can bankrupt the country's banks same like Vijay maliya did with SBI and the burden got on the middle class people.
They are born in modi era ? 😂😂😂😂 Did not ambani sponsored world cup and named it reliance cup in congress era and Maharashtra Congress govt gave port project to adani 😂😂😂😂 if he invest in congress era he is businessman 😂😂😂
Let think that, these Bankrupted companies are on sell. Can anyone bid for them? Who will buy these companies? Either Adanis, Ambanis, Tatas Or Birlas...
@@onibaku1848right brother 👍
Lol... Adani forced these companies to go bankrupt and then stopped everyone from bidding to buy these bankrupt companies 😀
That Adani is cash rich is BS. He has access to capital thanks to his connections.
So basically he uses bank loans to buy previous bank loans at a 90% haircut.
Welcome to crony capitalism.
Will you get access to such capital for your biz ? Of course not.
Why ?
Because you are not a crony
Exactly dude.... Spoton😂
80% of adanis capital is financed from global lending institutions ..not indian banks
So why are you jealous.......Why dont you also do what he is doing....Either you have no balls or you have no business skills........
@@bhajrangbalikijai Go get your bakshish from IT cell. Run along
@@sam7901 Don't cry if you cannot respond !!!! Why should I run along....I am here to stop people like you badmouthing someone......by the way if you cannot succeed don't crib about others.....you loser
Can details video be done in such topics around 15 to 20 minutes
adani is the best example of crony capitalism
America, China fully support their company by Subsidy, Direct money support.....but when India back their company that is Look like crime....... this company/business make a country rich create jobs....... whats the wrong with people of our country
Thank you for providing such an informative video. Much appreciate. Keep up the good work
Thanks, will do!
Jisko jovi arp lagana hai lagale but I full support my Indian Company , They are running a country, giving jobs. Govt. kitno ko job deta hai.......... USA and CHINA rich hai because of their company [Apple, Google, MI , HWUAI etc..]. We should support our company grow and expand to Global markets.
Thanks for uploading useful information Niharika
Thanks for crisp and super informative video
Wow this is a very nice video. Am doing Banking & Finance in Uganda 🇺🇬. This is a beautiful insight into how similar our laws on Business, M&A and more are. Thumbs up.
This guy will make india powerful
Vision and execution of big projects make them great
Public money which was lost in insolvent companies, is acquired by Adani valued at around 10% of original value and once again invests public money into these companies.
So who is actually loosing money?
And why Adanis are handed over good earning PSUs like Airports and ports are they being offered special treatment by the Indian Government?
Airports do not come under PSU.
@@NoName-bz3vb ok thanks but again it's a public property having good future potential and why would its been sold to Adanis and make it private?
@@ddhaval010 In order to understand that you have to time travel to the past and experience airports being run by the Govt or you can read in the newspaper articles. In present, you can get a BSNL mobile number or broadband & experience their customer service. Air India had a great potential but it could never realize it and was running in losses every year. The issue is not the airport being sold; but it being bought by Adani. Thanks Indi alliance for creating that perception.
This is called free market , if you don't know their is a risk behind every reward.adani don't force public to put their money in bankrupt company,its their choice
And you can also bid for these companies if have guts in you back .what adani buys is only 1-2% of bankrupt business ,you have to find them also fool
And what about gmr and Fairfax 😂
UNTIL ADANI IS NOT CONTAINED , NATIONS PUBLIC PROPERTY WILL BE LOST TO ADANI & PEOPLE WILL BECOME POORER VERY SOON
Thnx for such a lovely analysis😂😂
BJP has Institutionalised Corruption, in the name of electoral bonds, Bank loan "hair cut" ...all made legal to help benefit their dear MODANI !!!!
Puppu bhakt h kya?😅By God ur dumbness is just amazing
Nah, this shows how deluded you are. Those companies were startups which had taken loans from a bank, and then went bankrupt. Now, the bank is in loss, so the bank takes control of the assets of those companies. Those companies have spent too much money and time to develop those assets, but if the bank has to sell them then I will be sold for cheap, and it will be a wastage of those assets. So the bank takes control of the bankrupt company and resells it to some other big company which can handle the short term losses, for getting those assets. This is a remarkable strategy to not waste the outcome of the efforts of so many entrepreneurs. It is not some killing of competition, because those companies were already bankrupt. A bidding was done for selling those companies, and the largest bidder won. Tata group, or any other group could have easily purchased those companies, but they decided not to purchase for a high price because they did not want to expand their business in that line. Please learn how companies and economy works before blindly blaming the government or anyone in general. People now a days are so deluded that they don't even think properly, they just try to prove their preconceived notions to themselves.
@@arahul4045 I hope you can see through my sarcasm😜
This is very common practice in the West! Very good practice! India needs many more Adani's. Creditors were always going to lose money, because the companies are distressed.
He is extended himself too much and he is making a bubble . He is taking control of India’s resources as a whole and at some point this is going to backfire .
Congratulations dear
"" world largest of best for your smart heroes
"" I hope achive all your dreams with zeal and
Determination proud of yourself
This formula had regularly used LN Mittal across the world to spread his dominance over Steel sector.
Very useful videos always, thanks
Glad to hear that!
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Thank you for sharing this useful video message
"Wow, this video was incredibly detailed! I really appreciate the time and effort you put into breaking down each step. The explanations were clear, Keep up the great work-subscribed and looking forward to more content!"
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Glad you enjoyed it!
This is precisely how efficient markets are expected to work. Bring living-dead bankrupt companies without the resources to put capital assets back to productive use. The creditors don’t have the time or the expertise to do it either. Otherwise, they would have done it long time ago.
India is growing at 5 to 7 percent then why are these companies going bankrupt
The main reason is all these companies especially real estate took loans spent the money somewhere else became bankrupt and bank haave been saddled with bad loans which adani buy at dirt cheap price how come a real estate company take a loan of 1700 crore and be sold for 76 crore the land itself would be worth 1700 crore now
@@Arpit89 ambani has two kids..are both at same level?? Business is by default risky..success ratio is less than 10% and most hit plateau soon..to be gigantic one has to either have excellent ip product or have a bag full of money to survive till ur competitor dies or merge with big company..
मोदी है तो हर तरह का घोटाला मुमकिन है |
@@Arpit89 India was growing at 5% for most of the early 2000s, and even then companies were going bankrupt. It's just that back then if a company went bankrupt all of its employees were fired and its assets were sold to compensate for the loans taken, but after the new insolvency code the employees are not fired, rather the owner of the company is changed and the company runs as it is. This is a great way of saving your nation's companies, and most developed nations use this kind of model, including the US, Japan, and Germany. First learn about the economy and business, and then bluff. Don't make baseless allegations without thinking through, just to self propel your preconceived notions.
Excellant video.... Finance explained in such simple way... No jargons, etc... I really m a big fan of Finshots articles and videos. Adani group really is likely to reap super normal profits in the long run, since even the real estate value of these companies itself would be nearing the acquisition costs
So govt is killing competitions strategically and if they wanted, they could feed these to their desired company.
Nah, this shows how deluded you are. Those companies were startups which had taken loans from a bank, and then went bankrupt. Now, the bank is in loss, so the bank takes control of the assets of those companies. Those companies have spent too much money and time to develop those assets, but if the bank has to sell them then It will be sold for cheap, and it will be a wastage of those assets. So the bank takes control of the bankrupt company and resells it to some other big company which can handle the short term losses, for getting those assets. This is a remarkable strategy to not waste the outcome of the efforts of so many entrepreneurs. It is not some killing of competition, because those companies were already bankrupt. A bidding was done for selling those companies, and the largest bidder won. Tata group, or any other group could have easily purchased those companies, but they decided not to purchase for a high price because they did not want to expand their business in that line. Please learn how companies and economy works before blindly blaming the government or anyone in general. People now a days are so deluded that they don't even think properly, they just try to prove their preconceived notions to themselves.
@@arahul4045 thanks for saving my time ... i was about to write same
@@preetamyadav7952 your welcome :)
Good idea to acquire bankrupt companies.
Adani has masterfully positioned itself as India's leading corporation while covertly engaging in questionable activities, seemingly untouchable. It manipulates the system under the guise of innocence, steadily eroding the nation's core while enjoying unwavering support from both the people and the government.
What about the book value of assets acquired ???
2 richest people in India gujurati. Pm gujurati. Worlds biggest statue in Gujarat. The statue is a gujarati. Future smart city Gujarat. Tax free pitch only for Gujarat. Coincidence???
Because they are the biggest scammers in India.
Sardar patel deserves a statue. he unified India. He was the one who made Hyderabad province come into india.he ordered and quickly reacted and made lakshadweep part of India. That's why it's called statue of unity. And Gujarat develops rapidly because, during kodi' CM period he made several Pro business policies andhe introduced smart City. Even the 0 tax city is state govt project.
But yes, people also do business in Gujarat because THEY THINK THAT modi is favouring them. But the reality is, Gujarat has a very stable govt. So there will no rapid change in policies as such and you can do long term projects that can't fail like Amaravati project in AP because of govt shift which will not happen in Gujarat
Everybody knows, nobody dares ask this question to people in power.
Why did the Chhatrapati Shivaji statue fall?
Was there a hidden agenda to belittle Maharashtra?
मोदी है तो हर तरह का घोटाला मुमकिन है |
Thanks for uploading useful information
Super speeches and presentation.
Excellent Aakansha 😊
Atleast 1 person from my home town anakapalli in Andhra Pradesh can give 100 crores to buy the real estate property in Mumbai. Irony is they didn't know about IBC
Thank you🙏 so much madam very informative
Maam,
These buying of these companies is due to Govt & NSE supporr.
If these could have been run easily by the original promoter if the Banks could have given discount.
they have invested huge for decades to reach this position and power and now reaping but anything can go wrong, and when it does not just company will go down.
Finshots are best when written. I urge you to never stop writing newsletters even when everybody is watch video. For wider reach you may go for video and written both format.
This particular video shows how colluded the government is with Adani as one new law made by the government is used by corporates to access control on indian resources.
Congressi again.
From the video, it's clearly seen that, It's adani who keenly watches govt policy changes and geopolitics and decides the bst for his own.
He is just a great business man.
@@kirutheesg3957 nowhere he mentioned bjp and yet you andhbhakt started doing bjp vs congress here 🤡
Nah, this shows how deluded you are. Those companies were startups which had taken loans from a bank, and then went bankrupt. Now, the bank is in loss, so the bank takes control of the assets of those companies. Those companies have spent too much money and time to develop those assets, but if the bank has to sell them then I will be sold for cheap, and it will be a wastage of those assets. So the bank takes control of the bankrupt company and resells it to some other big company which can handle the short term losses, for getting those assets. This is a remarkable strategy to not waste the outcome of the efforts of so many entrepreneurs. It is not some killing of competition, because those companies were already bankrupt. A bidding was done for selling those companies, and the largest bidder won. Tata group, or any other group could have easily purchased those companies, but they decided not to purchase for a high price because they did not want to expand their business in that line. Please learn how companies and economy works before blindly blaming the government or anyone in general. People now a days are so deluded that they don't even think properly, they just try to prove their preconceived notions to themselves.
can you please provide which all bankrupt companies did ADANI acquired
Very well done video
Move Supreme Court to restrict loan against shares to BOOK VALUE of the shares
Excellent video!
And Adani industries will get the benefit of the loss incurred by acquired companies amd hence lower the tax.
great video
You did not mention that Adani has to pay those old loans as well. So actually value will be more than what they're paying on bid.
Well, it's really a good deal, instead of letting people face layoffs, he acquired those companies at a good price win win for all of them involved.
“Keep your eyes on the stars, and your feet on the ground.” ―Theodore Roosevelt
A pipeline of leadership post Adani is essential for the group to be around for a long time similar to Tatas.
The acquisition of assets is a strategic planning and the domains of these sinking ships being in infrastructure is a smart move
Awesome video
Great content though
Yes it will pay off he is the kind of men knows what he is doing and he will be able to turn profit on those businesses easily
Why Subtitles Are Not In English?
Kindly change to it
Modi hai toh mumkin hai!
At least for Adani.
Chant Modi ji 's name for twenty four hours.
According to u adani was selling samosa before 2014
An open bidding process, where the creditors vote and adopt a resolution proposal but sure it's Modi.
@@himeshwalia9553 How is he winning those bids? With money.
Where is that money coming from? From Debt.
Why are lenders giving Adani so much money? Because he ha backing?
Now guess who is backing him?
@@alexwalker4642 Can you tell any policy of Modi government which specifically helped Adani ?
Smarty looking speaking and presentation.
As long as the patron is seated on the throne, he can do anything and get out of it unharmed for time being. But tables can turn and things can become sour in the long run. The logic is simple 'earn as soon as possible'. Buy anything and make profit by the 'HairCut' and when things get out of hand, just fly out of the country, like mallya's and modi's and scam another country.
Nah, this shows how deluded you are. Those companies were startups which had taken loans from a bank, and then went bankrupt. Now, the bank is in loss, so the bank takes control of the assets of those companies. Those companies have spent too much money and time to develop those assets, but if the bank has to sell them then I will be sold for cheap, and it will be a wastage of those assets. So the bank takes control of the bankrupt company and resells it to some other big company which can handle the short term losses, for getting those assets. This is a remarkable strategy to not waste the outcome of the efforts of so many entrepreneurs. It is not some killing of competition, because those companies were already bankrupt. A bidding was done for selling those companies, and the largest bidder won. Tata group, or any other group could have easily purchased those companies, but they decided not to purchase for a high price because they did not want to expand their business in that line. Please learn how companies and economy works before blindly blaming the government or anyone in general. People now a days are so deluded that they don't even think properly, they just try to prove their preconceived notions to themselves.
@@arahul4045 What kind of strategy is that? Some of the strategies that companies adopt is expansion by integration, forward and backward integration. Here they are trying to expand by buying out all their competitors after they go bankrupt and how do they become bankrupt? Simply kill the competition by pricing. There are two main types of pricing, one is in the early stages of market entry where you kill the competition by penetration pricing even if you are making losses initially once the competitions die out, you skim the market by higher prices and make huge profits. Perfect example is Jio.
Here Adanis know that the companies who are bankrupt due to operation inefficiency or the present market situation itself which does not have much scope. Hence they buy these companies mainly to cover the internal cash problems and apply for more bank loans, The second objective is to create a hype in this sector and raise their value. But you know what happens in the long run since the fundamentals do not change and the over value will become a liability. The real value of Adani Enterprises is estimated at 1.5 -1.6 k and see the last few months performance. The retails investor is stuck for no reason. See who is blindly accepting all the wrong doings by them, if not for this government, they would be counting the bars by now
But it affects creditors right, how IBC Sets the price acquisition?
You mention cash rich quite times, but to my knowledge Adani is actually debt heavy and has negative cash flows in many areas, so how is it cash rich?
Because Adani is giving commission to the Present governing body which is about more than 50-100cr or 10% of everything they get from those deals. And even banks can't say a word against the present governing body because of pressure and keeping fake cases on the them.
Like Gujarat, I hope Telangana will someday become a heaven for business.
are the assets of the companies being sold off more or less than the cost the adani group is acquiring them for? if it's the former it is a serious issue that needs to be looked at under the IBC
Exactly! I wonder why the NCLT is so daft!!! And the courts, and other established regulatory bodies. It sets a terrible precedent. The acquiring company MUST pay fair market price.
If someone else bid higher, the creditors would have sold to them by now.
Companies are being passed on to Gotam at throwaway prices. Their valuation quickly catapults to real valuation and then even higher - which is the biggest factor behind meteoric rise in Adani's networth. All these deals are brought to him by Narendra. 90% of Narendra's foreign visits are like sales pitch meetings. Aus, NZ, UK, MENA.
The government of state and centre are responsible for this
When the whole steel sector was under recession in 2016 the government brought this ibc and forced steel companies to go bankrupt which has resulted in loss of crores to bank
Same is with power companies they signed ppa with state discoms, supplied them electricity but we're not paid due to which they could not pay intrest on loans and became bankrupt
@@user_1abc Surely you did not listen to Shri Obama's speech when he visited Bharat, when he described the 'mercantile' character of his job.
IBC has been a boon for Indian bankers . Previously Essar , JSW and other became billionaires just by defaulting on loans , restructuring and then keeping there own equity intact . While bankers lost billions of loans. In India companies became sick , not the promoters . However now going forward many borrowers pay up due to the fear of IBC and losing control over a good earning asset. We may criticise Modi Government as much we want , But only a non corrupt regime could bring in laws like RERA and IBC
Where does the money come from??
This is how Skylar White bought the car wash business in Breaking Bad.
Anything is possible when you got people mending rules for you.
baseless allegations haven't served any purpose in the last 10 years, I wonder how you guys don't get tired? Any proof of anything?
True modani is helping themselves
TV series dekh ke intelligent bane log🤡
FYI, you can also bid for the stressed assets under the same rules. So, don't cry foul.
@@NoName-bz3vb your father can too bid bro just ask him ,
I did subscribe but I am sorry, I hit the bell notification too!
take yourself as a creditor of that co.
situation 1. you will not receive even a single penny because other party is bankrupt.
situation 2. you can get a little recoverable amount on proportionate basis after the highest placed bids.
here the dealing is in crores not pennies even some crore can be a major change.
and more over a creditor (co.) have to represent thier performance in front of their shareholders......
Very good video
There's high chances of distressed companies paying off. Acquired for less & ROI exponential
very informative video, throughout the years adani port became no.1 private player I guess now they are bullish on power sector. After government Adani will be only power supplier in India. They are importing coal, they have coal mines overseas as well in India which can supply coal uninterruptedly. They are solar panels mfg. so they can install solar projects and they have power transmission and distribution lines. They are ranked 2nd in cement manufacturing. I guess they want to become no.1 private power supplier in India.
That is a known strategy to buy on auctions and turn it around.
Same formula was used by L N Mittal as well.
Look half knowledge given in the video
Don't just look on how much buyer pays, it depends on how much worth of asset the insolvent company hold
, just take an example
You purchased a car of 50 lakh on EMI, then you lost your job and unable to pay, go on court and declare your self insolvent, then bank comes at your home and take that car , and then car will get auctioned in public, whoever bid highest will get the car , 5lakh is the highest bidder then he will get the car
Yes, it will really pay in multiple folds for adani over a time and it is good also but for adani the failed projects will become archeological monument.
This is a way for development and sustainability.
Very good ❤❤
too Smartwork. Gautambhai is biggest Risktakker in Businessworld
Let him do Its Indian govt strategy..
For speech
Hindi sahi hai..😊
But why at 96 % haircut by HDFC and Other Banks ? Why ?
Because the company was not sold at equity valuations, it’s sold at assets valuations - liabilities 😅. Got it kid 👍
Because I guess.....that was the highest bid. And I don't think it's just 76 Cr. This was the amount paid to the financial creditors but I guess the suppliers were also paid some amount and other stakeholders also received some.
You clearly don't know how market works
@@jishraquealso nobody can bid 😂
because narendra is there to shield gotam and abuse agencies to either make promoters of leveraged cos to handover control to gotam at a throwaway price (eg mining, power etc) or to enable gotam in making hostile takeovers where the cos are not even leveraged eg NDTV.
Is this all legal, though ?
Excellent video
Thank you very much!
I think in order To safeguard banks and bondholders from suffering massive haircuts, the IBC law should be strengthened or else ibc will become grave yard for distressed companies , which was not the main moto of bringing the ibc law
Western lobby breaks the growth of Adani group.👀👆
What will happen to common people, the think it great strategy but it monopoly at best
He is a genius.
They will increase per unit price of electricity of monopolized area soon by 100% and make back all the money.
In this deal every stake holders make money , bank officials, original promoters who had swindle d the company and the new buyers . Please give more such examples NCLTscams
hello finshot, how about mentioning taking on the debt of the companies ? or is it too complicated for you to mention ??
Great job of Modi Government & IBC, nation will pay its price
Such practices would be considered Anti-Trust and Monopolistic in USA and Britain. They should be stopped in India. It appears like domestic colonization.
Stop looking towards the West for everything. The West isn't an ideal society to look for standards. Last time I checked, the UK is in shambles and the US isn't any better with the recession looming in. Moreover, these are pretty common even in the West. For example, Flipkart was bought by an American company in India. Land Rover and Jaguar in the UK bought by Tata. MG, the UK auto company was bought by Chinese. If you don't know, don't blabber.
@@Praveen1991917adani ki dallla
Even WAKF is richest after Govt. Should we f...k them??
Adani galat hai toa, America mai bhee unfair practice Koi Kam nahi hai @@saikojja6239
Adani has only 6.27% stake in power sector . What are u smokinn?
They just bought Kenya's JKIA.... let's see how it turns out
Bruh whoever is explaining this is too cute to explain this 😢😢😊
NAMASTE 🙏 dear congratulations May successful be always with you, washing you're good luck for brilliant ❤❤❤❤❤❤