Both Cos already announced that the merger would take 8-12 months. If you consider 12 months, the merger might be completed in Q2 FY25. The earliest we can expect is by Q1 2025. That is already factored in.
I didn’t get how capital raising will delay the merger. Both are independent activities. How the merger ratio will be impacted in case of dilution? My guess is that it wouldn’t change and remain the same.
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