Promoter shareholding after warrants conversion will increase by 10%.
Frog Data valuation as per management can be more than 700cr. (1500 dealers) same as TEKION. (Where tekion got valuation for 1.5 Billion dollars)
Positives:
Promoter Increasing stake.
FrogData optionality
Negatives:
Niche company, technology will be proven once, they are able to scale it.
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