Mengingat ITC tidak mengambil bagian dalam pengeluaran saham baru JM maka kepemilikannya yang semula 91,02 persen akan terdilusi menjadi 12,82 persen.
The stake of ITC which currently controls 91.02 percent of JM shares would eventually drop to 12.82 percent as ITC was not taking part in the purchase of JM's additional shares.