I will keep my comments limited to Indigrid since this is a company specific thread
- While initially I was also thinking on the same lines as you, I now think it is not a very accurate way of looking at it as tax rates differ for various investors and the price would be set by the marginal investor. In this case it could be a mutual fund or retailer for whom the tax changes have no impact or is a pass through. Or even an FII with tax exemptions due to investing from GIFT city or some other low tax jurisidction.
- In the table above it shows that all distribution from Indigird was fully taxable even before the Budget, so I dont understand why the post tax return would be higher after the Budget than before the Budget. In reality there is a 10% capital repayment in the overall distribution of IndiGrid so this could be reflecting that.
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