Chatterjee Fund Management recently bought more than 10 million shares or 5.6% of the stock. These guys own the second largest petrochemical company in India and is backed by Soros.
Well this is a decent sized bet even for a billionaire. Will there be a takeover? At the very least, they know the industry and know what's going on. A good sign that MDR will make it in one form or another, IMO.