Investor Presentaiton
ACQUIRING SHARES OF SMG HELD BY SMC
■ The value at which SMG would be acquired is defined in the CMA, namely the net book value as per the last audited
statements of accounts. It is proposed that the accounts of SMG be audited as on 31st August 2023.
■ There are following 2 options to buy SMG:
•
Paying in cash (hereafter it will be referred as Cash option)
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• Paying by issuing equity shares of MSIL to SMC on preferential basis (hereafter it will be referred as swap option)
■ Some simulations were done to determine which would be the best option in the interests of both the Company and the
shareholders.
■ The following simulations under different profit growth assumptions were made:
•
Simulation under the assumption that the PAT of MSIL grows by 150% in next 8 years
• Simulation under the assumption that the PAT of MSIL grows by 200% in next 8
years
•
These are only assumptions made for demonstrating impact on shareholders and MSIL of the 2 options to buy
SMG.View entire presentation