$1B stake sale by the promotors may help pare some debt, but as you mentioned more would be required since approx 4.5B$ of debt is maturing by March 2025!
Also the recent statement by SC that the copper smelter in Tuticorin is a National Asset and hence needs to be restarted soon is a big positive!
Technical Analysts also seem to be liking
https://x.com/Sahilpahwa09/status/1754912932972933535?s=20
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