17 January 2024
Panasonic AVC carried out a capital reduction, and as a result, investors received payments amounting to Rs. 27 per share. On Dec 2023, an investor filled a petition to check the transparency used in measuring the value. that the company has appointed two valuers to maintain fairness and transparency, to undertake the fair valuation of the equity shares of the company. a. BDO Valuation Advisory LLP, b. RBSA Capital Advisors LLP a SEBI registered Company – I Merchant Banker.
It is noted that both the valuers have issued their respective valuation reports determining the fair value of the equity shares of the company and calculated a fair price that can be offered to public members. BDO arrived at a per share valuation of INR 21.65/- while RBSA arrived at a per share share valuation of INR 26.27/-. After considering both values the audit committee in its meeting held on 24.02.2020 approved and proposed to the Board of Directors of the company a per-share value of INR 27/- to be paid to public members.