Citi estimates that HDB’s post-issue valuation, at a 3-4 times price-to-book (PB) ratio, could reflect 2.8-4.3% of HDFC Bank’s market capitalisation.
Citi estimates that HDB’s post-issue valuation, at a 3-4 times price-to-book (PB) ratio, could reflect 2.8-4.3% of HDFC Bank’s market capitalisation.