Anatomy of pump
Read below thread & articles
https://t.co/Zw9TDgFH8M
https://t.co/oeNhoq9fnz
https://t.co/DDRo4pP8O3
All identical. Many more links on net
Clearly co PR or cartel planting this misleading narrative on massive scale thru media/twitterati
Beware
#ccd
How did the debt come down :
1) sale of stake held by co in Mindtree to LnT for ~ 2700 cr. This was actually done when VGS was still alive. just months b4 his unfortunate death
2) sale of real estate asset global village tech park to blackstone for approx EV 2000 - 2500 cr
3) CDE lost controlling stake in its subsidiary Sical Logistics as lenders invoked collateral shares. SCL had debt of 1500 cr which used 2 add 2 CDE consolidated debt
But no control = SL no longer subsidiary = it's debt can't show in consol debt of CDE. Just an accounting thing
So as you can see, most debt reduction has come from selliing prime non core assets. Not operating cash flows!
And another 1500 cr debt disappeared from book because they lost control of a subsidiary due to defauls
Malavika Hegde is in a tough spot and may be fighting hard to save CDE. There still are some other non core assets which can b sold to pay dues. But overall the CCD biz is struggling - unlike what the current narratives being planted by someone are saying