BSE to launch IPO before 31 March,2017
(Disclosure:I am market making in the shares of BSE)
BSE Ltd, India’s second-biggest exchange, plans to hire Axis, Edelweiss, Jefferies and Nomura as joint global coordinators for a $150 million initial public offering in India, IFR reported, citing two sources close to the transaction.
Deutsche Bank, Motilal Oswal and SBI Capital Markets will also be hired as bookrunners, reported IFR, a Thomson Reuters publication.
BSE will file a draft prospectus for the IPO by next month and plans to launch the offering before March 31, 2017, IFR added.-from Financial Express
This post is in continuation of my coat tailing series (see here)
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Deutsche Securities is a well known FII investing in the Indian Markets.
Its significant holdings in India as on 30 June,2016 as per Stock Exchanges is given below:
Company Name | Symbol | Entity Name | Date End | # of Shares | % | Value (In Crores) |
Ansal Properties & Infrastructure Limited | ANSALAPI | Deutsche Securities Mauritius Limited | 201606 | 1701334 | 1.08 | 3.27 |
Cyient Limited | CYIENT | DEUTSCHE SECURITIES MAURITIUS LIMITED | 201606 | 5455977 | 4.85 | 271.05 |
Monnet Ispat and Energy Limited | MONNETISPA | DEUTSCHE SECURITIES MAURITIUS LIMITED | 201606 | 4154977 | 2.07 | 9.74 |
RattanIndia Infrastructure Limited | RTNINFRA | DEUTSCHE SECURITIES MAURITIUS LIMITED | 201606 | 15193146 | 1.1 | 5.39 |
The South Indian Bank Limited | SOUTHBANK | DEUTSCHE SECURITIES MAURITIUS LIMITED | 201606 | 34562438 | 2.56 | 73.79 |
ZUARI GLOBAL LIMITED | ZUARIGLOB | Deutsche Securities Mauritius Limited | 201606 | 899027 | 3.05 | 8.17 |
Linkfest: August 16,2016
Some stuff I am reading today morning:
How Franklin Templeton PE investors got screwed (Mint)
ESOPs lose magic (ET)
SEBI is selling.Are you buying? (BS)
Penny stocks have a poor run (BL)
On Pay Day loans (Bala)
Stay away from bigger size Mutual Funds (MoneyLife)
The Bank of Japan’s unstoppable rise to Shareholder #1 (Bloomberg)
The truth behind new all time highs (Daily Reckoning)
What if Saudi Arabia collapses (Lobe)
3 Principles to decide the investible P/E ratio (Dr.Vijay Malik)
Weekend Mega Linkfest: August 12,2016
Some off beat reads for the long weekend:
How the Arab World came apart (NYTimes)
The Un-Indian Civil Service (Shashi Tharoor)
India in 70 Ideas (Tunku)
In praise of failure (Ben Evans)
How the World Bank’s biggest critic became its President (Guardian)
Is Pakistan isolated? (Dawn)
How to start a startup (Sanjeev Bhikchandani)
My pre-worshipped BMW 328i (Team BHP)
Why are Indians not honoring their drinking heritage? (DailyO)
The Kolhapuri Chappal is dying (Outlook)
World’s oldest gold object (Smithsonian)
Gossip: Stash of cash for AAP party (Gossip Guru)
Hrithik Roshan: A fading star (Mint)
Why self-help Guru James Altucher owns only 15 things (NYTimes)
Science reveals how to take the perfect vacation (Tech Insider)