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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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The curious case of Reliance Naval and Engineering Ltd. 
Photo: Pluspng
The stock of Reliance Naval and Engineering Ltd  (Rs.1.35) has been hitting UCs since some days. 

But,  surprisingly the lenders of Reliance Naval and Engineering Ltd (RNEL), a part of Anil Ambani Group, have sought expressions of interest from buyers for the sale of private shipbuilder under the Insolvency and Bankruptcy Code.

It being put to sale to recover outstanding loans of Rs.43,587 crore. The last date for submission of expressions of interest (EoIs) is June 27, 2020 while the final list of prospective resolution applicants will be issued on July 17, 2020 according to an EoI offer notice issued by the resolution professional (RP).

The company is now the second firm from the Anil Ambani Group to face insolvency after Reliance Communications Ltd.

On 20/05/2020, there were media reports that YES Bank sold 2,57,00,000 shares of Reliance Naval and Engineering at Rs.1.10 per share.

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