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Idea Cellular

MARKETSQUEEZER
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SHIKKARSHANKEY, PROMOTERS ARE NOW SHOWING INTEREST IN INVESTING BECAUSE THEY HAVE ACHIEVED WHAT THEY HAVE INTENDED. ON A PERUSAL OF THE LETTER SUBMITTED TO THE EXCHANGES BY VI, IT IS BEYOND DOUBT THAT THE "AGR DUES " COMPRISING OF THE AGR PRINCIPAL AMOUNT AND ITS INTEREST HAVE BEEN CUT SHORT BY MORE THAN HALF. LAST SENTENCE IN THE SECOND PARA OF THE LETTER CLEARLY TELLS THAT " THE DOT LETTER ALSO PROVIDES THE COMPANY AN OPTION FOR EQUITY CONVERSION OF INTEREST DUES UPFRONT " FOR WHICH A PERIOD OF NINETY DAYS HAS BEEN PROVIDED. CONNECTING THIS WITH THE LAST LINE OF THE LAST PARA OF THE LETTER " THE AMOUNT OF AGR RELATED DUES AS STATED IN THE LETTER IS 8837 CRORES " WHICH IS SUBJECT TO REVISION. THE AMOUNT SHOWN IN THE LETTER IS FOR CONVERSION IN TO EQUITY WHICH IS INTEREST PORTION OF AGR AMOUNT. HERE THE DUES OF RS. 8837 CRORES IS INTEREST DUES. THAT MEANS THE EARLIER INTEREST DUES AMOUNTING TO RS 17000 CRORES( APPROX) HAS BEEN CUT SHORT TO 8837 CRORES. THIS IS THE TOTAL INTEREST DUES FROM THE BEGINING TILL FY 2018-2019. OUR BEAR FRIENDS HAVE TWISTED THIS AND MIS REPRESENTED THE SAME IN THE FORUM.

6.15 PM Jun 23rd
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