I do not see any risk at all in this transaction, In worst case you will get 10% equity of Prakash Industries at Rs 35 Cr which is a very good deal. Rather they should lend Rs 180 Cr to Prakash and take pledge of entire shareholding of Promoters and in the event of default they can take the entire management control with them…(hypothetically …)
Prakash Industries at Rs 200 Cr would be a good bargain…
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