LOLC / Browns collectively, Directly & Indirectly own 80.00%.Eranga87 wrote:After right issue, share quantity 14,369,717,460.
how can the price move to Rs.3.00?
And they will increase their % via this Right Issue. ( LOLC will buy all rights available in the Market )
Only about 1 Bn shares will be in the Market after this Right issue.
1 Bn shares * Rs. 3.00 = Rs. 3 Billion
* Note there are few other investments in BIL's Books which are not revalued ( Value is 4 Times than the Book value ) up o now, refer annual report.
Any revaluation like such will increase the NAV to 5.00 - 6.00 again.
My personnel view is below 2.50 is a very good price to enter and wait for sometime.
Cheers !