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
$3.88 |
Change
0.160(4.30%) |
Mkt cap ! $189.3M | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.89 | $3.75 | $953.1K | 247.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3028 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 577 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$3.87 |
Change
0.160 ( 3.83 %) |
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| Open | High | Low | Volume | ||
| $3.82 | $3.89 | $3.75 | 10493 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| FND (ASX) Chart |