hi guys
i did some calculation on whether it is worth it to buy more at current price of 0.77-0.78~ as of 18 July 2018.
my conclusion: at current exchg rate of SGD/INR 1=50.7, it is NOT worth it to buy more. Current unitholders should just sit tight.
Basic calculation below.
Assuming Exchange Rate of 48.5 (original assumption as per term sheet)
Total sum: $948,453,608
Minus repayment of borrowings = -$237,900,000
Minus transaction costs = -$15,800,000
Sum due to unitholders = $694,753,608.00
Sum due to unitholders after retention of 5% net proceeds = $659,825,927.60
Total outstanding units = 807,574,000
Final sum due to unitholders per unit = $659,825,927.60 / 807,574,000 = $0.817047
Assuming Exchange Rate of 50.7 (rate on 18 July 2018)
Total sum: $918,713,800
Minus repayment of borrowings = -$237,900,000
Minus transaction costs = -$15,800,000
Sum due to unitholders = $665,013,000
Sum due to unitholders after retention of 5% net proceeds = $631,762,350
Total outstanding units = 807,574,000
Final sum due to unitholders per unit = $631,762,350 / 807,574,000 = $0.782296