I never intended to have any conflict with you,but I strongly object to your statement that I am trying to use this forum for some agenda or that I am lowering the standard in any way.
This is not a case of pure arbitrage as lots of issues are yet to get clarity,nothing here can be exactly quantified or defined…not the amount and not the time frame, there are multiple legal cases pending even as the CIRP process is going on.
Upfront cash being offered is approx Rs 12700 Crore by Piramal and Rs 11700 by Oaktree,so 2% would be about Rs 234-254 Cr.
Very interested to see how this process pans out over the next few weeks.
