Chapter 502: Mortgage of Tata Group Shares

Rawdon smiled.

At the beginning, many people thought that the epidemic would be over soon.

So, some people will gamble.

Want to copy the bottom.

There are many such people, not just in the real estate industry, but also in other industries.

But those who rushed in to buy at the bottom finally found out that this was not the bottom at all. It was obviously halfway up the mountain, and there was an even deeper bottom waiting for them below.

At the time, Cyrus felt that the other party's offer was too low and thought that the epidemic would not last long, so he refused the transfer and chose to hold on.

Although he later borrowed a lot of money from other places, which allowed him to delay for a long time, as the epidemic situation showed no signs of improvement, everyone's confidence was eroded.

Before, Cyrus was able to borrow money easily because of the Mistry family. As long as he paid a certain price, such as high interest, borrowing money would not be a problem.

But now with the epidemic raging, everyone’s situation is not good.

Those who borrowed money also became cautious.

Especially they knew that Cyrus had borrowed too much debt, most of which was invested in real estate development.

Real estate development is definitely one of the industries hardest hit by the epidemic.

Under the burden of huge debts, even the Mistry family has become extremely cautious about borrowing money.

It is not so easy for Cyrus to borrow money again now. Either others are unwilling to lend him money, or the amount of money borrowed is too different from what he expected.

Compared with the funds he needs, this amount is just a drop in the bucket and is not enough to quench his thirst.

Cyrus has been having trouble eating or sleeping lately. Every time he opens his eyes, the only thing he thinks about is money.

He needs more money.

Because he needs to keep the company running, if there is no money coming in, his funding chain will be broken.

When the previous loan expires, he can borrow money from somewhere else to pay it off, and then borrow it again.

It's no longer possible now. After I had finally gathered the funds from other places to pay back the debt, it is now very difficult to borrow again from here. Even if I can borrow, the amount is much less than before.

It's equivalent to having your loan withdrawn.

This almost cost Cyrus his life.

This is only because of the Mistry family, otherwise those lending institutions would have come to him to ask for repayment long ago.

Compared with some other companies and enterprises, he is actually doing very well now.

The main reason is that Cyrus has spread his business too wide and the amount of money he borrowed some time ago was too huge.

In the past, this debt would have been nothing to Cyrus.

But now with the epidemic, everything is different.

"Boss, should we buy it?" Sori asked, "At this time, I am confident that I can lower the price even further."

Sori was still very envious of the lands in Cyrus's hands.

I have to say that those are good lands with excellent locations.

Cyrus still has vision. The land he acquired must be of good quality. Many of them are out of print.

Just like the piece of land in Mumbai city last time.

Given the current situation, it is unclear when we will be able to free up a piece of space like this next time.

Originally, such land can be said to be unique, and whoever can get it will basically make a lot of money.

But who could have imagined that we would encounter something like an epidemic.

Given the current situation, the wealthy have also suffered a huge impact.

Their wealth and their companies have been greatly affected.

In the past, they didn’t care at all when buying luxury houses, and they wouldn’t even blink an eye no matter how expensive they were.

But now, they themselves have encountered financial problems and have become very rational in their financial spending.

The luxury houses developed by Cyrus in downtown Mumbai are very expensive, starting from tens of billions of rupees per unit, which is unaffordable for most people.

Of course, the truly wealthy can afford it if they really want to.

But the biggest problem is not that they can't afford it, but that house prices in Mumbai have been falling, which is all caused by the epidemic.

Since housing prices are falling, even if someone has the financial ability to buy a luxury home, they will choose to wait a little longer.

Buy when it’s high and don’t buy when it’s low.

This wait-and-see attitude caused Cyrus's pre-sales of these properties to encounter huge difficulties.

Many people who paid advance payments and deposits wanted a refund, which gave Cyrus a headache.

Of course, Sori was very clear about the situation on Cyrus' side.

He was staring at it the whole time.

At this time, if I take action, I can definitely make Cyrus give up greater benefits, which means that I can buy some land at a lower price.

After the epidemic is over, the value of these lands will definitely return to normal.

This temptation is hard to resist, so Sori wants to get involved and take advantage of this opportunity to continue to lower the price.

"Don't even think about buying land," Rawdon said.

"Boss, are you worried that this epidemic will last for a long time?" Sori asked. "Even if it lasts for a few more years, with the funds we have now, even if we acquire all the land in Cyrus, we can still hold on. When the epidemic is over, the price of these lands will skyrocket..."

Over the years, because Luoton controlled various investments, the company had accumulated a lot of cash and had extremely ample funds.

In Sori's opinion, even if the epidemic continues for another three to five years, it will not have much impact on them.

So it’s about time to buy at the bottom.

After all, these lands are high-quality assets. At other times, there would be no chance to purchase them from others.

If you miss this chance, you will never have it in the future.

"Or, how about taking over some prime plots of land in a few cities like Mumbai?" As Sori spoke, he noticed that Roden didn't seem very interested in his suggestion, so he reduced the amount of land to be acquired.

Originally, he thought it would be best if he could take over all of Cyrus' land.

Now it seems that Rawdon is not in favor of purchasing land. In Sori's opinion, Rawdon probably feels that purchasing so much land is risky.

In this case, we can acquire fewer pieces and only buy land in big cities like Mumbai. I believe the risk will not be that great.

After all, the amount of these lands is not large and will not take up too much of our funds, so the risks are completely controllable.

"I don't want any land." Rawdon said lightly.

"Boss, this is a good opportunity, right?" Sori still wanted to fight for it.

"Don't ask why, just do it," said Rawdon.

Of course, Roton knew that Sori's suggestion was correct. There would be great benefits in acquiring the land at a low price at this time.

But no matter how great these benefits are, they are just numbers.

For Rawdon now, money is actually not that important.

What Roton wants is the Tata Group shares held by the Mistry family.

Although this thing can be measured by money, the effect once you actually get it is far greater than money.

Those are Tata Group shares, and a huge number of them.

Roton didn't think he could take it all, but as long as he could get a piece of the pie, he would benefit greatly.

Compared with the benefits obtained from acquiring the land, this amount is simply a world of difference.

At this time, Rotten would definitely not use the funds in his hands. He would just wait until Cyrus was in desperate situation.

Sori still felt somewhat unwilling, but he dared not disobey Rotten's orders.

He just thought it was such a shame.

If we could take over Cyrus' lands, we would definitely make a fortune.

But since Rotun disagreed, he had no choice but to do as he was told.

"However, you can contact Cyrus and reveal some intention to acquire land, etc. Remember, don't really acquire it just to trick him." Roton added.

"I understand, boss." Sori said with a smile.

Disgusted Cyrus?

The latest novel is published first on Liu9shuba!

That's so satisfying.

He knew there was a conflict between Rawdon and Cyrus.

But a few days ago, especially when competing for land, Cyrus was very smug and embarrassed himself in the newspapers.

Although Sori also knew that Cyrus was targeting him, it was only to disgust Rodon who was behind him.

But Sori had long been dissatisfied with Cyrus because he was brought up by Cyrus.

Now that Cyrus is in a financial crisis, what's wrong with playing a trick on him?

Now that he had Rotun's permission, he had nothing to worry about.

As for not purchasing the land, that was Roton's idea. Although Sori still couldn't figure out what the key was, he just decided not to purchase it.

Now that I have so much money in my hands, there are plenty of opportunities to buy at the bottom.

It's not that you can buy at the bottom in the real estate industry. In the future, whoever has sufficient funds will have a huge advantage.

At that time, we can acquire some high-quality companies and assets at low prices, and I believe the returns will not be lower than these lands.

During the epidemic, these companies and enterprises were facing a huge financial crisis.

Only large companies with strong financial resources can seize the opportunity at this time and acquire various high-quality assets at low prices.

Today, Sori is one of them because he has huge cash flow in his hands.

Of course, these are what Luoton strongly requested, to raise funds in various ways, reduce his own debt, and ensure that various capital chains are sufficient.

Sori had a feeling that Rawdon knew the epidemic was going to happen.

The early ban on large-scale investment and various forms of hoarding of funds were obviously preparations for now.

Although it was absurd to think so, when Sori thought about the fact that Rotun was a messenger of the gods, it all made sense.

If Sori wanted to deify Rodon before, now he truly believes it in his heart.

If it weren't for this, how could Luoton have achieved this? To be able to predict the future is something that only gods can do.

Sori didn't believe it was a coincidence.

In addition, in such a short period of time, Roton had reached his current position. Is this something that a mortal could do? In short, he was even more in awe of Roton.

Cyrus looked in the mirror and found that he had a lot more gray hair recently.

The pressure was too great, and when he woke up, he was troubled by financial issues.

He basically has a hard time falling asleep every night, and recently he has to rely on a lot of sleeping pills to fall asleep.

"What? Mortgage Tata Group's shares?" Shapur exclaimed immediately after hearing what his brother said, "No, it must not be mortgaged."

This is the foundation of their Mistry family.

They have never thought of mortgaging Tata Group's shares, let alone selling them.

More than 90% of the Mistry family's wealth comes from the shares of the Tata Group. It is precisely because of these shares that their family ranks among the top wealthy families in India.

It is precisely because the Mistry family is the second largest shareholder of the Tata Group after the Tata family that they have a very high status in India.

If these shares were converted into money, the Mistry family's status in India would plummet.

Shares can be exchanged for money, but it is very difficult for money to purchase shares.

For example, the Mistry family has never thought of selling its shares, no matter how high the other party's offer is.

Even if it was a mortgage, Shapur had never considered it.

"Brother, it's just a mortgage." Cyrus took a deep breath and explained, "Use these funds to get through this difficult period. When the time comes, pay the money back and there will be no problem."

"What if the epidemic lasts longer? What will we do then?" asked Shapur.

"How can the epidemic last so long? It will last for another year at most. By then, the value of our land will definitely return to normal, or even increase significantly. By that time, are you afraid that you can't repay these mortgage loans?" Cyrus laughed, "Brother, do you really want us to sell the land we acquired at a discount?"

This silenced Shapur.

He actually felt that the large-scale land acquisitions some time ago were a bit excessive.

Because Cyrus borrowed too much money.

He felt it was too risky to invest too much money in the real estate industry.

But in the end, he was persuaded by Cyrus.

He didn't mean to blame Cyrus.

Who could have known that the epidemic would come so suddenly.

If it weren't for the epidemic, he believed that Cyrus' plan was correct and would bring huge profits to the company.

Now, the company and the family are in crisis and must find funds to alleviate the current situation.

Their family has little money left and few assets to use, and Tata Group shares are obviously their greatest wealth.

If you use this as collateral, I believe it will be easy to borrow large sums of money from banks and other financial institutions.

"I'm afraid my father won't agree." Shapur sighed.

Hearing this, Cyrus knew that he had convinced his eldest brother.

"We both agree and believe we can convince father," Cyrus said. "It's just a mortgage. I think we can afford it even if there are risks. I believe that as long as we have this mortgage money, we will be able to get through it. Then we will see the light."

"Okay, I'll go with you to see my father," said Shapur.

This matter must be resolved eventually. He couldn't bear the loss of transferring the land at a huge discount.

Cyrus's mortgage stock plan is clearly the best option now.

Under the offensive of the two brothers, they finally persuaded their father to agree to mortgage Tata Group shares in exchange for some loans.

Word quickly spread that the Mistry family wanted to pledge Tata Group shares.

This immediately became a hot topic in the news.

After all, it is related to the Tata Group, and especially such a large number of shares, it is even more amazing.

This has never happened before.

(End of this chapter)