FMCG sector tends to remain under pressure, underperforming benchmark Nifty. Realty index has stood out as among the top 5 gainers in previous pre-election rallies.
A large part of the fund raised will be invested in HDFC Bank, to the tune of Rs 8500 crore to maintain the stake in the bank, said Keki Mistry, VC & CEO, HDFC.
When we raise capital, we like to raise with a five-seven- eight-ten year view, said Keki Mistry, Vice Chairman & CEO, HDFC.
Foreign private equity funds are likely to exit completely or partially the financial services space in the near-term as part of profit-booking, but will stay invested to cash in from the long-term growth story.