You are in the process of determining the valuation of K Limited. You have decided to adopt two valuation approaches, namely the Market Approach and…

You are in the process of determining the valuation of K Limited. You have decided to adopt two valuation approaches, namely the Market Approach and the Income Approach. Under the Market Approach, the Enterprise Value (EV) of the company is to be computed using the EV/EBITDA multiple. Under the Income Approach, the EV has already been determined based on the company's projected cash flows. Historically, the higher of the two valuations was selected as the final value. However, based on discussions with your partner, you have now been requested to assign equal weights to both the approaches and determine a fair value of the shares of K Limited. The relevant details of K Limited are as follows: EBITDA (Trailing 12 Months):620.00 crore;EV/EBITDA multiple: 8.5;Enterprise Value as per Income Approach:4,701.10 crore;Debt obligation as on the measurement date:1,465.90 crore;Surplus cash and cash equivalents:106.14 crore;Fair value of surplus assets and liabilities:312.40 crore;The number of shares outstanding: 8,52,00,000. You are required to compute the fair value per share of K Limited based on the above inputs and consider 5% liquidity discount and a 5% discount for non-controlling interest, in order to arrive at the final fair value per share from an investor's perspective.