D. Muthukrishnan, a renowned value investor, has announced his decision to exit HDFC Life and ITC, and invest the freed-up money in Bajaj Finance, Titan and United Spirits.
What Happened: In a detailed Twitter post on Friday, Muthukrishnan revealed his new investment strategy. He stated that he had held HDFC Life since its post-IPO phase, but now believes it may not create much value in the future. He also mentioned that he would be completely exiting ITC, a move influenced by a detailed portfolio analysis.
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