Why did the promoters sell for 650, which is half the current price?
Is that the intrinsic value of the company?
That is more aligned with global valuations for commercial vehicle OEMs.
Chances are M&M could have sweetened the deal with promise to long term components supply from Sumitomo and Isuzu
I get global valuations, but as a firm, you want the highest value, and for a sublisted in India, you would expect Indian-centric valuations.
Pre-deal, a two-year weighted average of its share price is 1000-1200. Why was a deal not possible at 1000? I am asking to understand what it could trade as a post-open offer. Remember, M&M would have to sell 10% as its overall shareholding would cross 84%.
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