📢 Breaking News: AU SFB and FinCare SFB have announced their Merger and SWAP Ratio.
Let's dive deep into the numbers to find what it means for shareholders.
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1. SWAP Ratio
The SWAP ratio is set at 2000 shares of FinCare SFB for 579 shares of AU SFB.
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2. Share Prices
1 AU SFB share is priced at ₹690. That values 579 AU SFB shares at ₹399,510. This is equivalent to 2000 shares of FinCare SFB.
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3. Per Share Value of FinCare SFB
Calculating the per share value of FinCare SFB, it comes out to be ₹199.755.
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4. Market Cap Comparison
Market Cap of FinCare SFB is ₹4,394.61 Cr. For context, Equitas SFB stands at ~₹10,000 Cr and Ujjivan SFB at ~₹10,000 Cr as well.
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5. Holding Company Discount
Typically, Holding Companies trade at a 40-60% discount. Equitas Financial Services trades at a 60% discount, and Ujjivan Financial Services at a 40% discount.
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6. Discount for FinCare Business
Applying a 50% discount, the value for FinCare Business would be ₹2,197.305 Cr.
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7. Per Share Value Post-Discount
Post-discount, the per-share value of FinCare Business comes out to be ₹66.67.
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8. Per Share Value Post-Discount
Post-discount, the per-share value of FinCare Business comes out to be ₹66.67.
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9. Conclusion🔚
This SWAP ratio and discount analysis provides valuable insights for shareholders of both AU SFB and FinCare SFB. Stay tuned for more updates!
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