HDFC AMC IPO May Have Little Bearing On HDFC’s Valuations
A HDFC Bank Ltd. teller counts Indian 100 rupee banknotes at the company’s bank branch in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)  

HDFC AMC IPO May Have Little Bearing On HDFC’s Valuations

HDFC Asset Management Company Ltd.’s proposed initial public offer may not mean much for HDFC Ltd., given its relatively smaller contribution to the parent’s valuation. Besides, analysts have alrea...
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