The RBI lifeline states that debt can be classified into ‘sustainable’ and ‘unsustainable’ parts. The former will be serviced by existing cash flows, while the unsustainable debt will be converted into equity or convertible debt. Accounts that are worth more than Rs.500 crore would be eligible for the new scheme.
Meanwhile, while the shares of JP Group companies and Unitech Ltd (Rs.8.10) gave huge returns in the short term, the Adani Group is yet to pick up steam.
Moreover, Adani Enterprises Ltd is being recommended in this blog, since a long time. And those who have already purchased it on my earlier recommendations, are by now already sitting with healthy profits.