Thanks for the detailed explanation.
How did you arrive at this percentage? From the FY22 Annual Report, I see shareholders holding less than ₹2L is about 10%, not 25%.
If we assume most of these 25% retail shareholders let their entitlement elapse, how can we expect 1X extra allotment? Should we also assume that shareholders who are applying for the rights do not apply for extra allotment?
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