I am trying to calculate value of one share price of Wealth business with following assumption.
I am assuming market cap of 4500 once listed. This is the same number at which PAG acquired the business in June 2020. I am sure they have made investments in the business but the profitability has not improved. So I am assuming no changes in the valuation over the two years.
The shareholding pattern of ESL (Wealth business)
ESL Valuations
So assuming 4500cr market cap, each share may be listed around Rs 1282 . Of this number of very depending upon when it happens, but I thought of making it clear to myself and others.
Please feel free to point any issues with above calculation.