Capillary is likely to issue fresh shares worth around Rs 200-300 crore and the remaining Rs 1,200-1,300 crore will be through share sales. The company is likely to list in the second half of the year
A whistleblower complaint alleged that Bank of America shared non-public information with some investors before it sold roughly $200 million worth of stock for some clients in India, according to a Wall Street Journal report in September.
SEBI has found instances of conflict of interest and is trying to plug it, say sources aware of the development
In a novel practice that is quickly catching on, some of the bankers are convincing smaller enterprises to list for a profitable but illegal arrangement, according to sources.
On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The capital raise, led by Hornbill Capital, saw participation from Lightspeed Venture Partners, as well as existing investors WestBridge Capital and GSV Ventures
In the three months ended March, deal-making activities declined for the third consecutive quarter, making it the slowest start to a year since 2016 amid multiple headwinds.
The recent listing of India’s first food delivery startup Zomato to get listed on the stock exchange fetched bankers about Rs 2.4 billion in fees, according to Bloomberg-compiled data.
The company was looking at filing its draft red herring prospectus as early as next month.
Premier stock exchange BSE's IPO pricing is "fair" and is based on robust feed back from institutional investors, according to investment bankers.
While Bank of America Merrill Lynch (BofAML), UBS and Kotak are learnt to have been selected as global co-ordinators, Deutsche Bank, HSBC and ICICI Securities are likely to be the Book Running Lead Managers (BRLM), sources said.
Godrej Group is likely to be in talks to exit from Geometric. Sources say that the group has appointed bankers to invite expression of interest from prospective buyers.
Flaying investment bankers for not carrying out due diligence on IPOs, Sebi chief UK Sinha on Wednesday asked merchant bankers to take measures which could instil confidence in investors, especially in retail investors.
CNBC-TV18‘s Aakansha Sethi reports that officials from the finance and external affairs ministries, investment bankers and representatives from NSE and BSE are headed out on roadshows to present the right perspective of the Indian economy to investors across the globe.
Mergers and acquisitions activity hit its lowest quarterly level in more than seven years in the first quarter of this year, but investment bankers said a run-up in the markets will help turn the tide.
"Inflation" is the one dreaded word that can shake the confidence of economists, investment bankers, policy makers and even the government! Let’s try to explore why it is such a dreaded word and is there any hidden opportunity for an investor to generate profit out of this?
Credit Suisse needs to show its drive to hire investment bankers last year is starting to pay off when it reports results on Thursday, after sluggish client activity hit profit in the third quarter.