Should one buy Ujjiivan Financial Services as proxy play for Ujjivan SFB?
UFS closed at 557 on NSE today. As the swap ratio is 116 shares of Ujjivan SFB for every 10 shares of Ujjivan FS. So 5570 spent on Ujjivan FS will get you 116 shares of Ujjivan SFB. That makes it roughly 48 rupees per share, as against current market price that is 55.9 per share. I certainly see this as an opportunity. Am I missing something? Please share you views. I have not studies Ujjivan stocks deeply, as some of the members here might have.
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