Suryoday Bank is Small Finance Bank backed by HDFC,IDFC,IFC,Gaja Capital and TVS Shriram (the same folks who backed RBL Bank)
It’s IPO is expected in 2020 and is expected to do a rights issue soon.
It’s financials can be obtained from here.
A very limited quantity of its shares are on offer for sale.
For those interested,please email me at Alpha Ideas
Some stuff I am reading today morning:
Smallcaps/Midcaps collapse post Uday Kotak’s warning (BL)
Patanjali plans to overtake HUL by next year (ET)
Federal Bank-Near term weakness an opportunity? (MC)
Interview with Charandeep Singh, Girik Capital (Morningstar)
Why Danone shut its Dairy arm in India (Quint)
Why foreign banks are going slow in India (Rediff)
Buy after 20x in a year (Amit)
Stock Talk: Scooters India (Gaurav)
The elements of entrepreneurship (Seth Godin)
The bubble that could break the world (DR)
Source: DRHP filings of LemonTree Hotels
Source: Motilal Oswal Research
Some stuff I am reading today morning:
Size (TRB)
Here’s how Govt will sell Air India (ET)
Gold loans-Are they slipping into grey territory? (MC)
A $ 300 Billion reason why India’s drug price cap will stay (Mint)
If LTCG tax on Equities were to return… (Quint)
Meet Sandeep Sekhri, Hong Kong Millionaire (Asia Week)
The life cycle of an investment idea (Common Sense)
Some bizarre things Bill Gross has said (Market Watch)
How 3 guys wiped out $3 Billion off South Africa stocks in 4 days (Bloomberg)
The first decade of alternative lending (Climateer)