Hi guys will you’ll be doing a quick 1 pager on the M&M Fin rights issue?
And a question around the number of shares. M&M Fin already has 61 crore shares and they are adding an additional 61 crores shares. can someone help with calculating the potential share price post listing. Please see if I have the right math done below.
61 crore share * 207 mp = 12,000 crore market cap.
rights issue of 61 crore shares * 50 = 3000 crore approx.
therefore total 15,000 crore / 122 crore = approx. Rs. 120 per share ?
is the above logic right?
thanks
br,
Andy