Jayant Mundhra’s Post

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20k+ Investors Read My Insights on WhatsApp Daily | Ex-Bain, Classplus | Author- Redemption of a Son

In the entire ADANI bribery case, the REAL HERO is this guy (in pic) 👏👏 And yet we are hearing the least about him, even though we should probably be thanking the odds that we have politicians like him. He is Andhra Pradesh’s present and new Finance Minister - Payyaula Keshav. .. Keshav was a senior MLA of Chandrababu Naidu’s TDP when the Jagan Mohan Reddy-led YSRCP Government signed the mega deal with Adani Green. -> He was also the chairperson of Andhra Pradesh’s Public Accounts Committee -> And in line with his responsibility, he called out the COSTLY deal awarded to Adani by the State Govt in power -> He vehemently questioned, how the tendering process allowed a ceiling tariff of Rs 2.93/kWh which was almost 50% higher than usual tariffs seen during those days -> He also questioned the very basis of combining solar power plants and solar manufacturing plants in a single tender which ultimately LIMITED the number of participants who could participate in the tender, giving applicants the power to charge such high tariffs .. But, when his fight was seeing no outcomes, he did not stop. -> He wrote a 16-point submission of objections to the Central Electricity Regulatory Commission, which however set aside his petition -> He then followed it up with a PIL that is STILL PENDING with the AP High Court .. But, nonetheless, it’s nice to see that when in opposition, Keshav played his role well 👏👏 He called out the former AP Govt’s now-under-investigation deal with the Adani group and went to fight that deal end to end. It’s not his fault, that the AP High Court has been sleeping on a case of such high importance for more than 2.5yrs, while the State Govt’s bank accounts are bleeding big. Right? .. Anyhow, the fact of the matter is this: Adani is not yet guilty of anything. The AP High Court is sleeping on the case, as aforementioned. Meanwhile, the US courts have just accepted the case for full-throttle prosecution. And, I know, there is no dearth of people who think any question on Adani is an ATTACK on INDIAN SOVEREIGHTY and INTERFERENCE. Such people, who believe ADANI = INDIA would be seething with rage to rain down on me. So, I would like to add just two more facts here 🙏🙏 .. 1> The US court has not just attacked Adani. It also indicts a New York-listed power giant (Azure), and one of Canada’s biggest pension fund’s senior executives 2> Sane people know, Canada is a much stronger ally to the US than we are. And still, if the US court has indicted one of Canada’s largest pension funds, it speaks something more than just ANTI-INDIA motive And that said, if you still want to attack me, please be sharp. I have a thick enough skin. On that note, the doors are open 😁😁 .. That said, 20k+ investors read my insights on WhatsApp daily. Do check out: https://lnkd.in/gJfQ9ymC Also, explore my newsletters Deepdives with Jay (https://lnkd.in/gA5gSCjJ) and Decoding the Dragon (https://lnkd.in/gx2VuZe6) Best, Jayant

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Amit Kumar Chattopadhyay

We Make Distribution Easy - Build B2B Distribution Channels In Easy Steps Using Vanik Where 50,000+ Verified Distributors, Dealers, Wholesalers, Stockists, Sales Agents Are Looking For New Opportunities

3w

Thanks for the insight, more and more facts tumbling out. I wonder why there's almost no discussion on role of Solar Energy Corporation of India (SECI) who actually brokered the deals - the middleman. It's a central govt entity. Also role of Central Electricity Regulatory Commission (CERC) without whose approval no PPA can work ? Both these organisations are directly under Central Govt.

Nemin Shah

Total Maverick Large Professional Network ADIT Excellence in tax consultancy, compliance and litigation Expertise in International Tax FEMA and GST Exposure in finance and banking Building expertise in Transfer Pricing

3w

The indictment is a very serious matter - the impression given by the Adani statement yesterday is that of a political attack - this is more serious then that.

Virushka Maheshwari

Technical Lead at Microsoft | IIT Delhi (CSE 2013)

3w

Jay, this was so meticulous. Thank you for sharing this. Power to the AP Finance Minister. Hope he continues to pursue his legal fight against that power supply deal with Adani. Meanwhile, I'm sure, Arun Pudur would yet again have a big meltdown like yesterday :P

Nikhil Sethi

AVP and Zonal Head West-NPS Annuity and Funds

3w

Jayant- It is quite obvious that Adani has very powerful hands protecting him While today it is also true that Adani atleast seems to have become more of a National asset and like our Key Banks , he too is too big to fail but the guilty need to be bought to book as the effect of bribing are ultimately bourne by the poor and middle class who ultimately end up paying higher tariff’s Pray that atleast the stock market gives him the punishment he deserves which limits his capacity of manipulating stock prices beyond logical PE ratios and thereby creating an unlimited money supply for him to undertake which project/ sector he wishes too

Akhilesh Biradar

Senior consultant with expertise in OSIsoft/AVEVA PI, AVEVA Connect services and IIOT

3w

Do you have the proof whether a bribe was paid or are you solely depending upon the US report

Deepak Sharda

Chief Everything Officer (CEO) , Kesari Bharat, Committed to build bigger and better for Bharat.

3w

Being an Adani or businessman or Gujarati or India supporter my mind tells me this is a political Vendetta. But the facts are not the same and hard to digest and against my beliefs . thus i like many we don't have anything other than blaming you for being anti nationalist. But if proven true then this practice of bribery in power tariff where Everyone is affected directly is so disheartening. No entrepreneur should do that for profit and hurt the middle class at any cost. Karma is just waiting. Many of us think of Adani , Ambani mahindra as an IDOL. I deal in high explosives. There is no amount of money to which I will do anti national activity.

Alexander Gomes

LinkedIn Top Warehouse Operations Voice | Head eCom Operations - Grocery to General Trade | Supply Chain | Mentor | Leadership | Advisor Operation Tech - WMS/Fulfillment/Last Mile/ Returns| eCom Start up

3w

Jayant Mundhra Ji, How meticulous.🙌🏼🙌🏼🙌🏼 Haven’t seen this detailed analysis, most media has half-cooked or defended ADANI. Why consider a logical points on a company as attack on country. Across the institutions of respect a common thread is to save the enterprise and that is questionable. Hats off to you and your detailed post, It is not about individual but the way whole episode has unfolded. With your extremely limited resources you are sharing something that big media could have exposed much earlier with all the resources at their disposal

Agnel Pereira

CA +CS (Corporate Laws) | X-Big4 | Corporate/Project Finance, B&FS | Startup/Corporate Strategy | Forensic| Investments & Resources Mgmt | Ex-Cricketer/Cricket Admin | Love Nature, People, Sports | Out-of-the Box |

3w

Don't worry about the reaction you get when you have your facts out and clear. Keep doing your good work of research based writing. You may know, seeing the full moon, dogs bark the most.

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