While the two private banks may subscribe about Rs 2,500 crore each, demand from other institutional investors will determine the final subscription size, the people said.
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