Sharing an estimated calculation:
If the share price for this deal is significantly higher that 58.3, then the % holding of IDFC in the bank will be less than 40% post their investment. In worst case scenario, we’re looking at 5.7% dilution because IDFC cannot increase the holding above 40% and they’re already planning to invest 2200cr.
Disc. – Invested and sharing the analysis without any reco
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