In today’s conference call, CFO indicated that all shareholders of RCCL (promoter group and shareholders of Raymond Ltd) will be allocated shares at the price of Rs. 1450
Does this mean, RCCL with an equity share base of 6.06 crore shares are valued at (6.06 * 1450 = 8787 Crores)?
Raymond Ltd’s market cap on today’s (April 28, 2023) is around 10,590 Crores. Does this mean they value the real estate & engineering business at roughly 1800 crores?
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