The dispute involves Pratima Cooperative Housing Society Ltd located near Vijay Crossroads. The owner of a bungalow in the society defaulted on a loan, and Bank of India auctioned off the bungalow in 2011.
The underperformance in the stock was because the Street saw limited earnings upgrade triggers and lower visibility on event-based triggers such as listing of Jio and/or Reliance Retail, besides concerns over high capex and resultant rising net debt.The initial euphoria around RILs foray into the financial services business also faded given the lack of visibility on the business roadmap ahead
From a business perspective, JioBharat could potentially increase competitive intensity at the lower price points, especially because incumbents such as Bharti Airtel and Vodafone Idea recently raised the prices for entry-level packs sharply.