I have no special insight or inside knowledge, but wouldn’t be surprised if WL doesn't come until February. There are only 4 WL operators that have authorisations from RBI and 2 are due for expiry/ renewal this year.
https://m.rbi.org.in//Scripts/PublicationsView.aspx?id=12043
I also don't think WL will have a big impact on share price as most holders/prospective holders would have priced it in.
I do share optimism on FND, but my time frame is more like 3 years with the endgame being Indian IPO or an earlier (but less accretive) buyout from a competitor.
Ann: Application for quotation of securities - FND, page-46
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Last
$5.03 |
Change
-0.120(2.33%) |
Mkt cap ! $245.4M | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.31 | $4.88 | $1.106M | 217.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 193 | $4.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.04 | 1200 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| FND (ASX) Chart |