I'm really interested in buying SDB based on the valuations, However i am not very clear on the shareholders structure.
I saw some earlier posts explaining that shares are pledged for the borrowings etc,..
Is there something fishy about the shareholding? is this the reason the share is almost trading at 50% discount to its book value?
When I went the through the annual report, almost all share issues during the last three years were done at Rs.100.00. so they will not be selling right now at much lower prices.
Can someone who knows about SDB please explain the issue with the share?
Thanks and enjoy the holidays...