Manish07

Valuing ICICI Bank's Subsidiaries

You certainly seeem to have a good nack of sell side analyst's research reports in India. Such absurd valuations are rationally not acceptable. I think you have taken a highly bulllish stand on your multiples for valuations.
The whole growth story is already priced in the stock. And value unlocking being the new buzzword in the Indian Market, such tricks of financial engineering do warrant a deeper look at the fundamentals.