TP 200/250
โ๏ธMIND BLOWING CORPORATE ACTION POSSIBLE
Further to my tweet of 9th-
๐ฏIn FY19 co had achieved 339 Cr EBIDTA on 3229 Cr Rev. Indicates BGR potential
1๏ธโฃ Incoming promoter will bring USD 100 Mn to be utilised as under -
โ INR 500 Cr towards reduction of existing fund based working capital overdue of Lenders
โ INR 25 Cr as cash margin to obtain BG limits
โ Balance INR 315 Cr towards working capital requirements
2๏ธโฃAbove funds will help new investor acquire 51% stake
3๏ธโฃBGR has identified projects worth 2.69 lakh Cr upto 2028-29. Of it Power Division worth 1.23 lakh Cr. BGR Target order booking 54000 Cr upto 2029-30
4๏ธโฃCo has proposed to convert 1260 Cr Debt into NCDs to be redeemed by FY 35 n 1260 Cr into CCD for 15 Years. Penal interest & Right to recompense to be waived
5๏ธโฃNon Core Assets to realise 825 Cr
6๏ธโฃAbove plan subject to lender approval who may bargain for a better deal
7๏ธโฃPost resolution, confident of 12% EBIDTA Margin with potential of 3000 Cr Rev in 4 Years
# Potential of market Outperformer