The recent developments are definately value unlocking in nature.
Few of the existing shareholders of Innovasynth Technologies India ltd (ITIL) were remunerated by a pref allotment of ITIL shares at 19 Rs premia.
There is a further amalgamation of both the entities, which shall take the promoter stake to 70 pc.
But on an absolute basis the value of the merged entity can be much much higher.
Need to deep dive on the valuations of the entity.
The company shall get a bit of holdco discount.
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