IDFC First Bank Limited

[r13rk]

IDFC - Infrastructure Development Finance corporation

1.IDFC Ltd holding in IDFC First bank is in the ratio 1.4313. IDFC Ltd merger can only happen if NOFHC doesn’t have any other business. So, sale of AMC business which give some 3500cr. Since 2500cr is indexed cost, they’ll have some tax outflow on that 1000cr. Even at 25%, net proceeds will be 3250cr. Now: add to it contingent liabilities( 300cr), Bonus & other expenses (50cr). Final net value can be 2900cr. This merger is 1-2 years down the line, so addup 160cr PAT accrual till that time…

See this @sahil_vi brother. what do you think about these calculations?