Veteran dealmaker Rohit Chatterji, the M&A spearhead , Asia-Pacific at top investment bank JP Morgan speaks exclusively to Moneycontrol's Ashwin Mohan on the impact of the US tariff regime on m&a activity in the region and the Indian economy, the ongoing IPO boom in India, private equity vs sovereign funds, the hottest sectoral picks, the India top deck reshuffle and much more
inance Minister Arun Jaitley today said the convention that banks deposits were safe investment avenues would be a thing of past and people would shift to alternative instruments which have the potential to provide better returns.
The move is aimed at lowering debt. The company's debt currently stands at more than Rs 22,000 crore.
The company hopes to infuse the capital back to the company by the end of the fiscal and if it does go through, it could be the largest realty deal in recent times.
According to Thomson Reuters data, the world's top 38 sovereign funds which globally invest nearly USD 900 billion in listed public equities allocate more than a third of the total to emerging markets at USD 383 billion, up 18 percent from mid-2012.
Sanjay Sharma, MD & Head of Equity Capital Markets, Deutsche Bank said 55 to 60 percent of the takers were foreign institutional investors (FIIs) and the remaining interest came in from domestic retail as well as non-institutional players.