Overtly optimistic. The truth is that most of their loans are stuck. They are not able to raise money easily!! They issued ncds many times. At the interest rate of 10.75 percent and yet they barely get subscribed to the minimum. They try to raise for 1k cr and it barely gets subscribed 110-120 cr!! The issue cost takes the effective interest rate for money raise to 12.5-13 percent!!
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