Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain. NTPC Ltd seems to be practising this precept, albeit in a slightly different way.
India’s largest electricity generator has remained silent on the opportunities in stressed power plants, despite having sound financials and a balance sheet to stomach acquisitions.
The company may well be waiting for the stressed assets to enter the National Company Law Tribunal (NCLT) for the proceedings to acquire legal sanctity, which can help it avoid undue scrutiny. Read More
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