- since promoter are putting proceeds of sale in RCCL their shareholding will increase against new shares unless there is some other structure. Which means promoter shareholding will increase and public shareholding will be lower in RCCL
- I would assume that new shares in RCCL will be issued to promoter at valuation arrived at for demerger.
- the swap ratio of 4:5 would have been arrived at after considering the increase in shareholding of promoter post infusion of money in RCCL
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