Flying in the face of insolvency

Several large investors own chunks of shares in the big NPAs marked by RBI for insolvency

Several large investors own chunks of shares in the big non-performing assets marked by the Reserve Bank of India for insolvency. These included foreign portfolio investors, local mutual funds, companies and the odd high net worth individual. An analysis by BS Research Bureau threw up 20 such names across seven of the big 12 companies bound for insolvency. Two of these investments were made in the last quarter. Of the rest, eight have topped up their stake by buying more shares, seven have cut and three did not make any change. A comparison of current market capitalisation of these companies