Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process. Earlier, some investors had slammed ICICI Bank’s plan to delist the subsidiary on the grounds that the conditions may not be in the best interests of public shareholders.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings