India’s primary equity gauges currently trade at a valuation of nearly 21 times one-year forward earnings, comparable with that seen in Japan or Wall Street. This valuation diverges from the more modest multiples of 11-13 times earnings prevalent in equity markets as diverse in economic heft and growth outlook as Singapore, Hong Kong, the UK, and China.
J Infratech files IPO papers; eyes Rs 600 cr via fresh issue
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an