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SumanSpeaks Capital Markets & Geopolitical Intelligence  ·  Estd 2006   Insolvency Law · Corporate Accountability When the Law Works Exactly as Designed — And Still Feels Wrong ₹22,006 crore in personal guarantees. Settled for ₹6.5 crore. Approved 80.81% to a minority that included two public sector banks — with the tribunal's own bench divided before a tie-breaking member stepped in. Subhash Chandra (Goenka), founder of the Essel Group and promoter emeritus of Zee, has settled a personal guarantee liability of ₹22,006 crore for ₹6.5 crore. The National Company Law Tribunal approved the plan this week. The case began small. In 2022, Indiabulls Housing Finance — now Sammaan Capital — moved against Chandra over a personal guarantee on a ₹170 crore loan to Vivek Infracon. By the time the insolvency plea was admitted in 2024, admitted c...
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#Music Broadcast  (Radio City) Ltd moved to Rs. 28.30, intraday. Book part profit and hold with a SL: Rs.27.60.

#Buy Jindal Steel and Power Ltd at around
Photo: UIhere
Rs.180.50, for short term targets of Rs.192/197, SL: Rs.177.
The company's domestic production of crude steel and related products for the quarter ended Dec. 31 stood at 1.61 million tonne, up 22% from the year ago period. The scrip is trading above its 50D, 100D, 200D, Exponential moving averages,  indicating a Bullish Trend.

#Now the Indian markets are trading in the Green. Sensex is at 41,224.46, up 109.08 points  (+0.27%); while the Nifty is seen at 12,137.50 up 30.60 points (+0.25%). Last time,  I checked,  I saw SGX Nifty was also up by 20 points. With Asian Markets trading mixed and NASDAQ up marginally,  we can expect the pre budget RALLY to gather steam as the day progressed.

#Strides Pharma Science Ltd today touched Rs.415. Book some profits and hold the rest with a SL at Rs.407.

#Buy the shares of Reliance Capital Ltd at around Rs.10.35/10.40 for short term targets of Rs.17/19. SL: Rs.9.
The two ADA Group (Anil Ambani) group shares Reliance Infrastructure Ltd (Rs.21.45) and Reliance Power Ltd (Rs.2.20) is on the upper circuits.  Hence, this scrip can't remain in isolation.
Meanwhile,  Global distressed asset buyers are picking up Reliance Capital’s junkrated debt securities following an assurance by its home finance unit that 98% of retail debenture holders will get their money back, dealers said. Reliance Capital bonds worth ₹565 crore changed hands in the secondary market in seven transactions at 70% discount this week.

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