Book value post merger would increase by 4.9% post merger. Exact number shall be known at that time basis prevailing BV.
Did quick Back of Envelope calculations:
- Current # shares : 705 cr
- Post merger # of shares : 670 cr (on like to like basis)
- Current SH’s fund : 30,700 cr.
- Projected SH’s fund : 35,785 cr.
- Increase in SH’s fund in Q2’24 is ~Rs 1100 cr (w/o equity dilution)
PS: ROE is likely to improve in line 1st hypothesis on cost.
Disc.: Invested.
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