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Old May 22, 19, 5:02 am
  #528  
GUWonder
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Originally Posted by HMPS View Post
Sounds like the tax payers will have to pay parts of the restructuring........
The Hindujas, much like some other big industrial families in India, probably don't want to end up going the way of the Kingfisher-owning family headline name.

They aren't likely to jump into this situation without the government having their back in a big way -- with that backing ultimately involving the Indian public picking up the tab for the banks' non-performing assets related to 9W.

The election in India is more or less over, so why would the government decide to help out the Hindujas or anyone else to help bring 9W back to life in any major way?
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