It is not the job of independent valuer. They must have valued the lifestyle business which is getting transferred and cash balance due to FMCG slump sale. Its the implied valuation that we are calculating by subtracting for the rest of business i.e, Raymond Realty + Thane remaining Land Bank + Engineering + one signed JDA of Bandra (2000 crores expected revenue over 5 years) + Raymond UCO Denim (50% JV) +JK House.
Calculations at CMP ~ 1600
RCCL valued at 1450
4 RCCL for every 5 Raymond Ltd
This implies that (5/4)x1600-(1450)=550
550 rupees per share or 3663 crores is the value assigned by market at CMP to these assests.
| Subscribe To Our Free Newsletter |
