Thanks…forgot to account for that in excitement of dividend probably … xD
Still we can try to estimate the price at which the bank will issue shares considering bank wants to raise around 4000 crores and out of which 2200 crores come from IDFC Limited…that will give us an idea of swap ratio.
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Something is wrong here… If IDFC first raise 4000 crores then IDFC Limited won’t be able to raise their holding to 40% with 2200 crores only, they will need more money to subscribe to major part of that fund raise…or IDFC First won’t raise entire 4000 crore before reverse merger…
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