5. New Line technologies Ltd. is planning to acquire Frontline Technologies Ltd. as part of its expansion strategy. To arrive at a reasonable estimate of valuation of the target firm, it is planning to use the comparable companys financial data. The Following financial information is presented for a competitor, Block Chain Technologies, Inc. [5]

Financial Year 2019 All values are in INR millions except per share data
Sales		235
EBIT		65
Net Income		51
Basic Shares Outstanding		5.5
EBITDA		76
Market Price per share (INR)		135
Total Assets		322
Long-Term Debt		70
Share Holders' Equity		145
Liabilities & Shareholders' Equity		322
Net Operating Cash Flow		73

Required: Derive the valuation estimate per share of equity for New Line Technologies if it is reporting the following financials:

Revenue: INR 100 million; EBIDTA: INR 40 million; Net Income: INR 28 million;

Book Value: INR 100 million; Basic Share outstanding: 15 million.