The demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of the existing investors regarding the offer for sale. The verdict is pending. This may be a major deterrent for risk-averse investors. Given these factors, the issue looks more suitable for investors with a higher risk appetite.
Vijay Kedia slashes stakes in these 5 stocks during March quarter
Vijay Kedia publicly holds 17 stocks with a net worth of over Rs 1,664 crore, as per the latest corporate shareholding data.