In case someone is tracking the reverse merger, it’s close to being finalised after nearly 2 years since they announced it.
As of today’s closing price, buying Ujjivan Hold co is equivalent to buying Ujjivan SFB at ~ 19% discount
Basically for every 10 shares or Ujjivan Hold co, an investor is entitled to 116 shares of Ujjivan SFB
If anyone is curious I wrote a little note on the same along with my abbreviated investment case over the last ~ 2 years
Disclaimer : Invested.
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