I feel it is more procedural and matter of few more weeks now ( Mgmt wanted to complete it before end of Q3 ) . Even if we account for another three months and make it end of Q4 , a 20% discount at current valuations looks attractive .
I feel that Ujjivan Bank itself would be a strong buy with yesterday’s election results . Considering it has one of the largest MFI books in Small Finance banks , unless we see signs of stress in portfolio . Considering their Provisioning levels , they seems to have create sufficient buffers for any stresses .
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