BHUSHAN STEEL - (If 100% of Promoter stake is taken by Banks)

New ratio after 31st Mar Shareholding fig. of Bhushan steel...as per my calculations...

Total Shares 81.50 cr 

(If 100% of Promoter equity is taken by the Banks i.e. both pledged as well as un-pledged as declared for 31st Mar.2018)


Lenders     12.20% i.e 9.94 cr shrs

Public.       15.59% i.e. 12.71 cr shrs

Tata Steel. 72.21% i.e. 58.85 cr shrs

BHUSHAN STEEL

New ratio after 31st Mar Shareholding fig. of Bhushan steel...as per my calculations...

Total Shares 68.11 cr (If only the pledged shares of Promoters are taken by Banks)

Lenders     12.2% i.e 8.31 cr shrs

Public.       18.5% i.e. 12.70 cr shrs

Promoters   2.4% i.e. 1.63 cr shrs

Tata Steel. 66.8% i.e. 45.47 cr shrs

BHUSHAN STEEL

Market is valuing Bhushan Steel correctly as the same is trading in a range of 40 to 44
minimum target as given by me is Rs.350 which is also justified from current trading price i.e. even if we consider the lower end of the band i.e. Rs.40 the market is assuming mere 2% stake to public and I am considering 17.5% thus even as per my calculation the price of 1% stake is Rs.20 that is the reason the price is trading at 40 to 44. Let the final news of public shareholding become public....