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There is also restricted stock and other equity worth much less than when granted.
Meanwhile, estate agency Haart's National Housing Market Monitor suggests that the average UK home buyer has equity worth £14,000, rising to £90,000 in London.
In the meantime, inexperienced buyers not only didn't know how to take care of the homes, they had no sense of having any equity worth protecting.
The company, based in Princeton, N.J., will give unsecured creditors, mostly bondholders, equity worth $620 million to $820 million, according to the plan filed in Federal Bankruptcy Court in New York.
As chairman of both RIL and Infocomm, Mukesh has been criticised for rewarding himself with a chunk of equity worth about $1 billion, for granting himself and his wife Nita a 40.5% stake in Infocomm at a fraction of its value, and for boosting Infocomm's cash flows by getting RIL to inject $1.8 billion in preference shares on unfavourable terms.
But he has the enormous advantage of strong support from the even-lower-profile Scripps family, which owns 44percentt of Scripps's equity, worth about $3 billion, and controls 87percentt of the votes that elect two-thirds of the board.
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WITH even blue-chip stocks down 15percentt or more this year, investors are scrambling to find equities worth owning.
Last year, they bought South African equities worth 41.5 billion rand ($9.5 billion), 5.3 billion more than they sold and 72% more than the previous year.
Even so, they are still the largest single investor in the British equity markets, accounting for about 20% of its capitalisation.Life assurers sold equities worth up to £25 billion ($38 billion) over the last year, says the Financial Services Authority FSAA), the insurers' regulator.
Last month Standard Life admitted that it had been forced to sell equities worth £7.5 billion in six weeks because of the FSA's rules.Why did Standard Life cling to its mutuality until it had become too fragile to continue?
According to US-based Risk Management Association, European equities worth $136.9bn were lent in the second quarter of 2011, compared with an average of $70.75bn in the three other most recent quarters where data is available.
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