Net cash per share is now a whopping Rs.1700 crore, or around Rs.180 per share. This is far higher than any capex requirement which is at most a few hundred crores over the next 2-3 years. Mr. Bhadresh Shah holds 58.45 % stake in his personal name. Effective tax rate for super rich is 42.75 % and DDT 20.3576% (including Surcharge & Cess). With DDT gone and dividend being taxed at the hands of the shareholder, there is a strong case now for a special dividend before 1st April.
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