:-D my mistake, if the buyer is of 24% then tax liability will also be 24%.now assuming it`s max 300cr, the liability to new buyer is 72crs. So the bid could be around 690 per share.. This is exactly 21-22% upside from CMP. So we can take a sigh of relief n be chilled out.
about 40 min 10 sec ago
to start manufacturing Vanaspati locally. At that time hydrogenated vegetable oil was imported in India by a memon family from Bantva, Dada & Co, under the leadership of Hussain Kassim Dada. Dada & Co, insisted that the branded product should reflect their name, hence in a bid to establish their ownership
about 1 hr 48 min 23 sec ago
Current market cap is 2885cr. Out of which, if we go for relcap 750 per share bid, the stake comes around 950cr. Reducing tax liability of 300cr, it gives 950-300=650cr. This gives per share price of 504 only!! The float is 5.09cr shares. Have I done any mistakes in calculations, seniors pls
about 2 hrs 23 min 25 sec ago
I was out after 12 noon, hence could not follow/participate in discussions or msgs. What is the outcome of todays BOD meeting ? So far I know today only the report of PWC was to be tabled before MCX Board. Tomorrow as per earlier schedule, 1) Due diligence 2) Binding Bids and 3) Finalisation
8.12 PM Apr 23rd
"Reliance Capital has bid at over Rs750 a share, which is higher than Rs600-750 that the other prospective bidders quoted and is closer to the price expected by the promoters of MCX," said one of the persons. However, this was a non-binding bid and FTIL`s decision on whom it would sell
1.54 PM Apr 23rd
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