This summarized article will focus on Sundaram Clayton which has recently announced demerger of its businesses into 2 subsidiaries & what the payoff looks like currently?
Dear Chirag! Fantastic analysis , As you said in Feburary 2022, now we are in 26th March 2023, Picking holding Co. at discount of 58% in Feb 222 / Sundaram Clayton on Ex date 24th Mrch 23, Bonus NCPRS basis scrip 20% down, I feel another 20% down during the week possible. Similar your views I need to have from your end a rare amalgamation of Pressman Advertisements, where the Promoters holding alone complete erosion of / complete capital reduction of Promoters stake. A Suresh Babu
Sum of Parts valuation section - Cash on books can not be subjected to holding company discount. Cash needs to be deducted before calculating implied holding co discount
Dear Chirag! Fantastic analysis , As you said in Feburary 2022, now we are in 26th March 2023, Picking holding Co. at discount of 58% in Feb 222 / Sundaram Clayton on Ex date 24th Mrch 23, Bonus NCPRS basis scrip 20% down, I feel another 20% down during the week possible. Similar your views I need to have from your end a rare amalgamation of Pressman Advertisements, where the Promoters holding alone complete erosion of / complete capital reduction of Promoters stake. A Suresh Babu
Now that it is all set for implementations of the scheme, shall request for fresh post DONE estimate for valuation of two entities.
Sum of Parts valuation section - Cash on books can not be subjected to holding company discount. Cash needs to be deducted before calculating implied holding co discount