We are quite positive about the changes which are being made on the economic front.. There are many incremental changes which are taking place and that is very heartening, says Prakash Nene of Multiples PE.
Non-convertible redeemable preference shares…it‘s quite a mouthful; isn‘t it? but i am saying it not for nothing. SEBI recently approved the listing of this instrument and guidelines are on their way. A preference share is a commonly used fund raising instrument – that‘s neither fully equity nor fully debt.
The events of Monday (20th June, 2011) may be attributed to the nervous, knee-jerk reaction of an already skittish market because for those of you who don't watch this show regularly and hence don't know - even without a treaty renegotiation the Mauritius route maybe, slowly and surely, losing its attractiveness.