That is correct.
I however feel DLink would list around 20 - 25
Smartlink trades around 40 - 45 and combine valuation of the company is around 60 - 70 which was the trading range before demerger.
There seems to be some misunderstanding. The original D LInk was to be replaced by Smartlink. The original holders of D Link will not have Smart Link & D Link together.
what exactly happened was smartlink was demerged from erstwhile dlink.
then name of dlink of changed to smartlink which we see today as getting traded at stock exchanges.
the demerged smartlink name was then changed to original dlink and which is what we are waiting to be get listed.
so if you bought the shares or dlink before record date of demerger you have shares of both the companies.
There is something wrong in the book value then, if Smartlink is trading around Rs 22 book value, then Dlink would atleast have a book value of Rs.46-50. Therefore, where have all the assets gone, has it been transfered to Dlink. Cause Earlier the total book value was around Rs. 68.90.
Could you please clarify this issue.
I think when Dlink Lists it should trade around 40-45. Thats my view.
| NIFTY 
