Hence there is a high possibility that 1 LOFC Share will be given for 1.5/2 CLC Shares held.
And as the CLC internal share deal took place at Rs 32, based on the above the LOFC Share could trade at least 1.5 times and cross 60+ with ease in the next few weeks.
This was evident by the significant collection of over 120Mn Shares that has taken place over the past three trading days.
Shares trading over the last three days.
over 25 = 119 Mn
over 26 = 109 Mn
over 27 = 100 Mn
over 28 = 90 Mn
over 29 = 69 Mn
over 30 = 42 Mn