News on Shriram group of companies getting reorganized on BSE - PowerPoint Presentation (bseindia.com)
Seems the PEL current holding will collapse into the listed company “Shriram Finance” as per slide 5.
SBCPL (Shrilekha Business Consultancy P Ltd) which is the investment vehicle (75% PEL holding, 25% Shriram Ownership Trust) holds 26.68% in Shriram Capital of the merging companies. This translates in PEL holding effectively 20% of Shriram Capital. PEL bought this stake for 2,014Cr in 2014. Also PEL holds 10% (or 65,79,840 shares) in Shriram City.
Per my rough calculations PEL will hold 17.23% in Shriram Finance. Can someone help to validate this % independently? [Edited 22nd Dec 2021- This will be 6.42% of SF, I had a mistake in earlier calculation, corrected that in the Google Sheets]
Not sure what is the total valuation of Shriram Finance, we need to calculate this.
- MCAP of Shriram City and Shriram Transport is 14K Cr + 40K Cr = 54K Cr. Shriram Capital is unlisted, so need to see the valuation report to get the amount.
- Combined AUM is 1.5Trillion Rupees, i.e. 1,500,000,000,000 or 150,000 Cr. How do we value from the AUM?
My Calculations Are here: ShriramAnalysis - Google Sheets