My question is
I have observed that in most of the cases of parent company & subsidary the parent company valuation of including the subsidary holding value will be at a discount.
For example, grasim industries is the holding company for untratechc cement,AB Capital and other birla companies.If the actual value of these holdings are considered they cross 1 lk crore nut it is trading at a discount at 73000 Cr.
Same with GAIL(with holdings MGL.IGL,Petronet LNG,etc),Bombay Bumrah ,etc.
What is the reason for such discount??
In similar case, what valuations we can expect for ONGC post HPCL takeover.???