So basically all social media influencers and even highly credible media outlet like moneylife were projecting Piramal twins post demerger valuation @ Rs. 95,000 crores (link: Piramal Enterprises: Hidden Value?) but now we know the actual numbers:
As of today, PEL @ Rs. 20,000 crores and PPL listing @ Rs.23,000 crores…combined value at Rs. 43,000 crores which is not much different from the combined entity and also not very far from he valuation at which Carlyle group picked up stake a couple of years back.
Sometimes even the top market professionals can also be be off by a wide margin. Fortunately, while I was very much tempted to invest but I didn’t. Lessons Learnt! Self due diligence is a must.
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