The company had filed draft papers with the Securities and Exchange Board of India (Sebi) in January. It had obtained 'observations' from the regulator on April 13, which is necessary for any company to launch a public offer.
Ganeshram Jayaraman, Managing Director - Institutional Equities of Spark Capital Advisors.recommends some stocks which could see earnings compounding over 3-4 years, even if they look expensive on a 1-year price to earnings basis.
Ganeshram Jayaraman of Spark Capital Advisors is bullish on auto companies — both two- and four-wheeler names, discretionary consumption names and financials
Some Foreign Institutional Investor (FII) cash selling will continue for the time being, Amit Gupta of ICICI Direct tells CNBC-TV18.