Standard Chartered Indian Depositary Receipt (IDR) remains 90% unsubscribed till the last day of the issue.In the first 3 days it has managed to get subscription for only 10% of it issue size of 240 million Indian Depositary Receipts .That should be surprising for the issuers considering it has hired Seven Investment Banks (Goldman and […]
I had earlier written about Seven Reasons for Not Subscribing to the Standard Chartered IDR based on a high level analysis.Going through the massive 811 page Red Herring Prospectus has reinforced by earlier thesis – that subscribing to the StanChart IDR is not a great idea .In my opinion it would be a very bad […]
Indian mega industrial groups led by Ambani brothers decided to rescind their non-compete agreement which allows oil and petrochemical giant Reliance to enter the financial,telecom and power sectors.This deal is much more beneficial to Mukesh Ambani led Reliance Group then Anil Ambani’s led ADAG Group.This deal came about after ADAG lost a gas supply dispute […]