The Hinduja Group has announced a restructuring of a few group entities where listed firm NXTDigital will transfer its digital and communications business to Hinduja Global Solutions and then absorb the unlisted HLF through a merger scheme.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South