Around 15-16 crore shares will get extinguished at the time of merger, so number of existing shares of the bank after merger will be around 690 crores and not 670 crores…
If we consider shareholders fund of 30700 crores and reduction of shares by 16 crores then that will raise BV per share from 43.5 to 44.5 i.e. 1 rs…rest of the 9 rs. will need to come from profits…adding 9 rs. in next 12 months seems impossible considering flat QoQ performance…
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