(Disclosure:I am market making in Ratnakar Bank)
Ratnakar Bank Ltd plans to launch an initial public offering of shares worth up to $250 million in the first quarter of next year, three sources directly involved in the process said on Tuesday.
Ratnakar Bank will issue new shares and some of the private equity investors will pare their holding in the share sale, said the sources, who declined to be named as they were not authorised to speak to the media ahead of a public announcement.
A Ratnakar Bank spokeswoman did not immediately comment.
The lender will hire at least four banks to manage the public offering within a week, two of the sources said. At least 10 banks are in the race to win the mandate for the IPO process, they said.-from BS
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Miracles do happen in India
Three cheers to the people of Chennai…
This post is in continuation of my coat tailing series (see here)
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There was an interesting article on investor Baburaj Pillai in today’s ET.
He runs Arohi Asset Management, a fund based out of Singapore
It’s significant holdings in India as on 31 March,2014 as per Stock Exchanges is given below:
| Symbol | Entity | # of Shares | % | Date End |
| MINDTREE | AROHI ASSET MANAGEMENT PTE LTD A/C AROHI EMERGING ASIA MASTER FUND | 496661 | 1.19 | 201403 |
| TDPOWERSYS | AROHI ASSET MANAGEMENT PTE LTD. A/C AROHI EMERGING ASIA MASTER FUND | 529227 | 1.59 | 201403 |
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Linkfest:June 17,2014
Some stuff I am reading today morning:
The costs and benefits of market timing (AswathDamodaran)
Baburaj Pillai-The recluse respected investor (ET)
Inflation and Iraq loom over markets (Mint)
Slow and steady,Mr.Modi (AndyMukherjee)
Real Estate and Price Anchoring (Subramoney)
Tax Planning for FY2014-15 (ApnaPlan)
Life lessons from former Citi CEO Sandy Weill (WSJ)
A Bazillionaire’s Guide to stress relief (MichaelLewis)
The Low Cost Funds Arm Race (MorningStar)
NGO Funding and Agitation Technology (MediaCrooks)