Arbitrage opportunity between partly paid and fully paid up shares?
Aurum PP shares are trading at 118.85 and fully paid up shares are trading at 152.55 (14th May 2024 at 3.17 pm)
If we buy partly paid up shares, we need to pay Rs. 30 when it is called at a later date. This effectively gives a benefit of 3+ rupees per share plus interest.
Disclosure: Recently sold off fully paid up shares and Invested in PP shares of Aurum.
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