Comments on: SMC to Buy Pak Suzuki’s 26.91% Minority Shares https://carspiritpk.com/smc-to-buy-pak-suzukis-26-91-minority-shares/?utm_source=rss&utm_medium=rss&utm_campaign=smc-to-buy-pak-suzukis-26-91-minority-shares Pakistan's Trusted Automobile Blog Tue, 05 Dec 2023 07:26:13 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Ironhide https://carspiritpk.com/smc-to-buy-pak-suzukis-26-91-minority-shares/#comment-15207 Tue, 05 Dec 2023 07:26:13 +0000 https://carspiritpk.com/?p=76996#comment-15207 Suzuki is making loads of money in India and using that to buy out Suzuki Pakistan.

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By: Figures don't tally~~~ https://carspiritpk.com/smc-to-buy-pak-suzukis-26-91-minority-shares/#comment-15201 Mon, 04 Dec 2023 18:59:14 +0000 https://carspiritpk.com/?p=76996#comment-15201

The notice further stated that the offer price of Rs 406 per share represents a premium of 37.5% over the closing price of Rs 295.36 per share on November 30, 2023, the last trading day before the announcement of the offer. The offer price also reflects a premium of 38.8% over the average closing price of Rs 292.54 per share for the last 6 months.

From where do they quote this 295.36/share? The lowest trading price on 30th Nov was 535.67 PKR/share. Check for yourself:

https://dps.psx.com.pk/company/PSMC

The closing price could have been minimum as well as it could have rebound a little bit so the closing price could even be higher than 535.67/-

295.36×1.375=406.12, these 12 paisas are not mentioned.
12 paisas×22,145,760 shares=PKR 2,657,491.20, huhuhuhu.

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