How is/was this an attractive opportunity? It would be great if you can share your calculation/justification.
Stock price was expected to nearly halve on the record date (as happened). Taking into this adjustment into consideration, break-even of investment is possible only if we get extra allotment of more than 100% of rights issues. With only about 10% as small retail investors, I don’t know what extra allotment can be expected. Also, we should not forget that there is a risk of fall in the stock price due to market conditions and macro. So it is unclear how this is an attractive opportunity.
| Subscribe To Our Free Newsletter |
