This forum is silent meanwhile company has done wonders in turnaround and stage is set for multi bagger returns. Debt reduction with less than 2k Crore now which is likely to further go down as per plan which is hinted in annual report. https://coffeeday.com/PDF/AnnualReport_2021-22_CDEL.pdf Management believes that the change in shareholding is temporary in nature and the shares pledged will be released back to the Company. … The subsidiaries of CDEL are in the process of disinvestment of their assets. The company is confident that the subsidiaries will repay these advances in due course. …These standalone financial statements for year ended 31 March 2022 have been prepared on a
going concern basis in view of the positive net worth of the Company amounting to Rs.30,673 million as of 31 March 2022, significant value in diversified portfolio of investments held in subsidiaries / joint ventures / associates, established track record of the Company to monetize the group assets as demonstrated by sale of stake in Mindtree Limited, sale of Global Village Tech Park owned by its wholly-owned subsidiary Tanglin Developments Limited , sale of stake in Way2Wealth Group entities profitable resorts operations and consequential ability to service the obligations… Some events will trigger it to cross all time high
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