The Net debt (less of reserves) is still around 2500cr. Any investor-friendly management would have tried to pare off the debt than taking large chunks as dividends. These guys “swiped” 1500cr as dividend, to the extent of resulting in a negative net worth for the company. And they say in the offer document that it might be difficult for them to raise debt if they have a negative net worth.
So if you know raising debt is difficult when you have a negative net worth, all the more reason for you to “sacrifice” on your dividends. 
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