Bajaj Finance Limited

How is IPO of a subsidiary good for Bajaj finance?
Demerger will give the existing shareholder the shares of demerged entity. IPO will only make the parent a holding company and hence will result in holding company discount.

https://www.business-standard.com/markets/news/bajaj-finance-stock-gains-4-on-ipo-plans-of-subsidiary-bajaj-housing-fin-124060700332_1.html

Disc: Invested in Bajaj finance, so opinions are biased.