Star India, an unlisted company, is enjoying high valuations from financial services companies. While late last year Morgan Stanley valued Star at $11.2998 billion (around Rs 75,000 crore based on the value of Indian currency at that time), domestic brokerage firm Edelweiss Securities has in its recent report pegged the value of the wholly owned subsidiary of 21st Century Fox at a whopping $14.3 billion (Rs 97,011.2 crore based on Monday’s exchange rate). “As per our calculations (based on...
Star India valued by Edelweiss at $14.3 bn
Star India valued by Edelweiss at $14.3 bn