Given Belgian company, foreign government involvement, and inorganic nature of management behaviour. I see the following risk.
- Large countries (like India) and strategically important companies in them (like banks) will be slightly vary of having something critical like customer messaging be run by an entity like RM. If they have a local choice like Tanla they would go with that.
- What will be the growth instinct of the new entity is difficult to predict? Maybe they want to grow at 15% instead of 20%. I am discounting the continuation of the current CEO in the future given their fickle nature.
Since I am invested with 4% of my portfolio in it, the best way forward for me is to wait for an open offer and offer all my stocks. There is about 10% upside from here which is not bad if the whole thing materialises in 6 months. As per my understanding the open offer is not live yet – it has only been announced. I check via the corporate actions section in Zerodha.
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