@askash_padhiyar
Basis market cap of Rs.2 lac crore on 31.3.29 the XIRR comes to 28%. Please refer the calculations below.
# of Shares of IDFC first bank (31.12.23) | 7066816465 |
---|---|
Less: Reduction of share due to IDFC merger | 166462472 |
Net Shares | 6900353993 |
Price | 80 |
M. Cap (Rs. Cr) | 55203 |
24/01/2024 | -55203 |
31/03/2029 | 200000 |
Xirr | 28.2% |
Working of reduction in shares | ||
---|---|---|
Shares held by IDFC | 2646438348 | |
New share to be allotted to IDFC shareholders | 2479975876 | (1.55 x 1599984436) |
Reduction in shares of IDFC first bank | 166462472.2 | |
All readers may check and inform errors if any, would be happy to correct it.
28% XIRR over 5 years is a decent return IMO.
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