It is a relatively cheaper option to play the IPO rush in the equity markets
Going ahead, the management will be looking to build global partnerships for their M&A strategy, says Mehta
This will be India’s first public issue by a pure-play boutique investment bank. Since inception, DAM has executed 67 equity market transactions such as IPOs and QIPs, among other routes.
"I have taken sabbatical leave from Tuesday as I was involved in submitted bid for a competing business of Axis Capital," said Mehta.
In an interview to CNBC-TV18, Dharmesh A Mehta, Managing Director & CEO, Axis Capital shared his reading and outlook on the market.
"In fact, for India Donald Trump is a great guy. He understand business, he has a lot of business in India, so he knows India well and he has publicly stated that he likes India and Indians," says Dharmesh Mehta, MD and CEO, Axis Capital.
Dharmesh Mehta of Axis Caital says while the capitalization of public sector banks is smaller than expected, there are positives like no move on the long-term capital gains tax.
Dharmesh Mehta, MD and CEO, Axis Capital, says he is bullish on the market for the next 1-2 years. Mehta believes the slump in commodity prices will aid the market, as will the government's reforms push.
Axis Capital has successfully completed 45 ECM, 17 M&A, 4 private equity, 8 structured finance and two public debt transactions worth USD 10 billion in last 15 months since the new government came into power.
India's government and businesses are pushing for an interest rate cut next week despite the possibility that the new GDP figure may surpass that of China‘s.
Dharmesh Mehta, MD & CEO at Axis Capital is of the view that one may look at Inox Wind.
Dharmesh Mehta, MD & CEO at Axis Capital recommends investing in banking and financial space at lower levels.
Moody‘s positive outlook on India is a long-term positive because it opens up the flood gates for money to come into India, says Dharmesh Mehta, MD and CEO, Axis Capital.
Watch an interview of Dharmesh Mehta, MD & CEO of Axis Capital and Sridhar Sivaram with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. They gave a deep analysis and discussed the intricacies of what can happen over the next six hours.
In an interview to CNBC-TV18's Menaka Doshi, Senthil Chengalvarayan and Anuj Singhal Dharmesh Mehta of Axis Capital & Gautam Trivedi of Religare Capital Markets gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
However, Gautam Trivedi of Religare Capital Markets too agrees that this Budget did not do much to revive domestic consumption. With the service tax hike, it is in fact a little negative, he adds.
Industry sources said Shah is tipped to head Kotak Mahindra AMC as the chief executive. The move comes at a time when Kotak Bank is in the process of completing its acquisition of ING Vysya Bank
Stating that reforms in India are more about co-ordination, Nandan Chakraborty of Axis Capital, said that induction of good ministers in Cabinet will speed up the process.
Dharmesh Mehta, Deputy CEO of Axis Capital says if there is good news on the political front, then the markets may not react negatively to news on US Federal Reserve tapering.
Mehta says there is a likelihood of India‘s sovereign ratings being upgraded in the coming weeks. The Finance Ministry had recently met up with rating agency Moody‘s to make a case for India‘s rating upgrade.
Global flows are driving the Indian markets right now , says Dharmesh Mehta, MD-Institutional Equities, Axis Capital. Talking to CNBC-TV18, he says people are bearish on commodities globally which is good news for India, with both inflation and interest rates coming down.
In an interview to CNBC-TV18, Dharmesh Mehta, MD-Institutional Equities at Axis Capital shares his reactions on Budget 2013.
Manish Chokhani, MD & CEO, Axis Capital and Dharmesh Mehta, MD-institutional equities, Axis Capital explain in a discussion on CNBC-TV18 that there been a very strong response to the Axis Bank QIP whose price was set at Rs 1,390 per share. The QIP witnessed participation from most of the major long-only investors and pension funds.
With the Enam Conference underway, CNBC-TV18 finds out the mood across conference in such turbulent times from Dharmesh Mehta and Srinivas Subramanian of Enam Securities. While Subramanian said that 2011 will be a little more wary, Mehta told that majority of hedge funds are short or underweight India today.
Manish Chokhani and Dharmesh Mehta of Enam Securities say, there is a great opportunity for long-term value investors. “Long only investors are coming back to India.”