TATA Steel has all its tentacles on NML and holding tightly!Two key phrases in the news release from "The Concerned Shareholders", Susan Milton:
"However, there is a possibility that the will of the minority shareholders could be defeated if Tata Steel supports management." "In fact, the Concerned Shareholders have received support from shareholders whose holdings represent more than the number of shares held by Tata Steel."
I smell rotten eggs all over NML. I think its has been TATA Steel's plan to make NML fall long term and eventually pick up NML's brand new infrastructures for chump change.
All in my opinion.