Can you confirm if current book value of Mirza would be 726 crore or 726-301=425 crores
The document says book value before demerger is 726 crores. So I think the current book value should be 726 crores less redtape assigned book value of 301 crores, =425 crores
Also,
301/726= 41%
726-301=425/726=59%, which is the cost of acq ratio
Hence, current book value of Mirza should be 726*59%=726-301=425, and current mv of 690 crores is already higher than this book value of 425. So I dont think being valued under book value is the reason it is increasing
Although I may be wrong in this assumption, feel free to correct if so
Disc : Invested, prior to demerger
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