AB Nuvo sells 23% in Life insurance business for ~Rs.1600 crores which translates to a value of Rs.5000 Crores for AB Nuvo's holding of 74% in Birla Sun Life. I had initially valued that at Rs.1500 Crores in my conservative estimate.
http://www.freepressjournal.in/ab-nuvo-sells-23-in-insurance-venture-to-sun-life-for-rs-1664-cr/
As each of the pieces get carved out and valued, I see a good opportunity for a 20-30% upside over the next year in the stock.
| Subscribe To Our Free Newsletter |
