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For every 90 shares of Edelweiss, you will get 1 share of Nuvama (94,32,75,276 / 1,05,28,746)
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You can expect a market cap of > 5,000 cr on listing (20 x normalized earnings). There’s considerable upside here in my opinion.
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Edelweiss is not exiting its entire stake in Nuvama. So, post demerger, Edelweiss will continue to hold a 13% stake. To unlock value, it’s distributing ~30% of Nuvama to shareholders of Edelweiss.
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