Author: Raoji

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Links

Weekend Mega Linkfest:June 19,2015

Some off beat reads for the weekend:

Blowing the whistle on manipulation in NSE (Moneylife)

Lalit Modi:The Cost of a Fugitive (Open)

Mercedes’ road back to Number 1 (Forbes)

The evil genius behind Europe’s migrant crisis (Newsweek)

Modi Magic (Newslaundry)

10 Articles that celebrate the genius of Rahul Gandhi (Unreal Times)

Omnipresent Sikh Rage Guy (BuzzFeed)

Auto Review: 2015 Audi Q3 (Team BHP)

The endgame in Greece (Jeffrey Sachs)

eCommerce Marketplaces:Curse or Opportunity (Rodinhoods)

The farce behind Morsi’s death sentence (New Yorker)

Obituary:Charles Correa (Outlook)

Gossip: How Modi handled Navin Jindal (GossipGuru)

Mohnish Pabrai’s bet on Rain Industries (Outlook Business)

The boy named Jihad (Atlantic)

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Video

Biggest Losers

Source:Capital Mind

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Links

Linkfest:June 19,2015

Some stuff that I am reading today morning:

The incredible story of Bandhan Bank (Firstpost)

Greece runs out of time (Bloomberg)

Coal:From Deficit to Surplus? (Mint)

Does it really matter when the FED raises rates? (NYTimes)

Will the Gold Monetisation Scheme Deliver? (BS)

Stock Review: Nagarjuna Oil Refinery (JSAlphaa)

CD Equisearch Research Report: Atul Auto (MyIris)

Ignore the “Buffett” indicator (Value Plays)

Four signals that can point to a bear market (Common Sense)

One Rank,One Pension-All you need to know (FinGyan)

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Tweets

On Stability

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Excerpts

RBL Bank set to file for IPO within a week

Hat Tip: Shivam Bose

(Disclosure:I am market making in the shares of RBL Bank)

RBL Bank Ltd, a privately held lender backed by a clutch of private equity funds, is set to file its draft red herring prospectus (DRHP) with the markets regulator within a week, said three people familiar with the development.

“The bank is looking to raise Rs.1,450 through its initial public offering (IPO), of which Rs.1,100 crore will be raised to increase the capital adequacy ratio of the bank and the rest to give exit to a few private equity funds,” said the first investment banker mentioned above.

The bank has hired around nine investment banks to run the process. The IPO would help the bank comply with the Reserve Bank of India (RBI) guidelines issued last year that directed all banks to list within three years of starting business.

Over the last three years, global and local private equity and development funds have invested over Rs.1,400 crore in the bank in three tranches. Housing Development Finance Corp. Ltd (HDFC), Norwest Venture Partners, Samara Capital, Beacon Capital, Faering Capital, TVS Shriram, Cartica Capital, Ascent Capital, Aditya Birla Private Equity, IDFC’s Spice Fund and ICICI’s Emerging India Fund are among its shareholders.

The share sale will make RBL the 41st publicly traded bank in India.-from Mint