When considering the other warrant in CSE, I think JKH warrants is worth above Rs.60/- when the share is @ Rs.205/- level.@The Alchemist wrote:Hi hariesha, just wondering on the 40 % return calculation. for that to be true, warrants should trade at Rs 60 when JKH as you say falls to Rs 205. is this correct ?@hariesha wrote: Buying additionals in this rights issue is extremely profitable as it costs only Rs.175/- and you are getting warrants free. Even the JKH price fallen to Rs. 205/-, investment in additional shares will give you near 40% return.
But here it seems everybody has applied for their full entitlement.
you could still end up with some additional rights as it is highly improbable that each and every shareholder has subscribed to their entire allocation, although issue was substantially oversubscribed.
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