That put the valuation of the company at Rs 600 crore. Rs 1,000 crore, or so they claim. Take another look valuation was Rs 100 crore in January. This means the company has experienced a 900 per cent surge in valuation in just three months. There s another view.
Valuations seem to have pole-vaulted every time the company has decided to dilute equity.
Cut to the present. The Caltiger guys are on the threshold of their third successive equity dilution. The promoters currently hold 60 per cent in the company. The valuation of Rs 1,000 crore was also announced by the promoters at a press conference today. Since the deal is at an advanced stage, the company is unwilling to divulge more details.