Author: Raoji

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Links

Linkfest:July 03,2015

Some stuff I am reading today morning:

Ambit:FII investors want to cut their exposure to India (Moneycontrol)

100% Guaranteed Returns from Mantri Developers (Capital Mind)

Local funds buy foreign stocks (BS)

OMCs hit multi-year highs (BS)

Why Bharti Airtel should exit Africa completely (Mint)

Nomura Research Report: Coal India (MyIris)

What makes a company great ? (Sequoia)

12 Charts that explain the Greek crisis (Vox)

The smartest man is wild about innovation (Blackstone)

How Shelby Davis made $900 Million investing in insurance stocks (ValueWalk)

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Cartoon

What was that?

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Links

Linkfest: July 02, 2015

Some stuff that I am reading today morning:

Come clean by Sept 30,Govt tells tax evaders (Mint)

Reliance is now India’s top PE investor (ET)

Can BookMyShow live upto the hype of its 1100 Crore valuation (OB)

Indigo faces litigations involving 1,114 Crores (Firstpost)

Stock Review:ISGEC  (Kiran)

Nomura Research Report: Voltas (MyIris)

Gold can’t find a bid (Big Picture)

Consuming financial news without being consumed (Jason)

Tweets won’t save India’s baby girls (Bloomberg)

The Art of Interviewing Management (MicroCap Club)

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Video

NASDAQ bubble repeats in China

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Excerpts

SEBI clears Catholic Syrian Bank IPO

(Disclosure: I am market making in Catholic Syrian Bank and if anyone wants to buy/sell CSB, please email me at Alpha Ideas )

Catholic Syrian Bank has received capital market regulator Sebi’s approval to raise up to Rs 400 crore through an initial public offer (IPO).

The company in March had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker, ICICI Securities.

Sebi issued its final observations on the draft offer documents on June 23, which is necessary for any company to launch a public offer.

“The bank will issue equity shares aggregating up to Rs 4,000 million,” the draft papers stated.

Besides, the mid-sized private lender is considering to raise up to Rs 150 crore through pre-IPO placement .

The proceeds of the issue will go towards augmenting the bank’s capital base to meet its future capital requirements.
–from ET