With more than 80 of the debt getting reduced company will start its new journey as holding company soon after demerger of telecom business. what many seem to be missing here is these scheme will not only reduce debt but even the operational cost and financial cost. I think it will soon be renamed as it no more remains telecom company but rather a holding company just like tata investments which will have investment income from 50% holding in new merged company and other rental income with virtually no operating cost or finance cost leading to book profits and resultant dividends soon. The valuation of the company will be similar to tata investments which will be in likes of 500 in long term.
