S.C : The recommended value is the higher of the intrinsic value or the market based value. Though rationally speaking, the recommended value should be the intrinsic value, it may be possible that the market based value at a given point of time is higher than the intrinsic value, which is indicative of a bullish phase/perception of the market and/or industry and/or the company. Therefore, to take into account this practical reality, I have suggested the higher of the two.
Supreme Court Of India Dr. Mrs. Renuka Datla vs. Solvay Pharmaceutical B V & Ors. S. Rajendra Babu, P. Vnkatarama […]