Madras Fert Loan Waiver

Hello members,

I guess there is a special situation lining up in MFL, they have approached govt. for their 550cr. loan waiver and expect it to be completed in 3 months. also management has commented residual 350 crs. of debt has already been wiped off through one time settlement …

Waiting for ur inputs…

Hi Jatin,

Couldn’t get it…plz give details.

Regards,

Ayush

http://www.moneycontrol.com/news/business/expect-loan-waiver-govt-3-monthsmadras-fert_544220.html

:slight_smile:

I would personally stay away from this.

As it is, making money from available information is hard. Trying to make money on speculation, news and govt. processes is well, impossible for me.