What's next for HUL and PFC stock? Deepak Shenoy weighs in

​​Nowhere else is Unilever valued at that much. So, no buyer will actually want to pay the Indian level of valuations for that business. So, I do not think that will fly. So, they will have to demerge it. So that may produce some kind of value unlocking if there is some capital freed up or something that changes.