Delist does not mean all share will be given to public. As I mention earlier Edelweiss still hold 13.75 Nuvama after delisting through:
Edel Finance Company: 5.23%
ECap Equities: 8.52%
9.8% will given to promoter
Public shareholder is only getting 18.80% holding and remaining 13.75 still hold by Edelweiss.
Total share of Nuvama is 3,50,64,294 and Mcap will be 3,50,64,294*980= 3436Cr.
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