Reena Zachariah In Mumbai

Stories by Reena Zachariah In Mumbai

India beats China, Taiwan in ADR stakes

India beats China, Taiwan in ADR stakes

Rediff.com   3 Aug 2007

India topped the global chart for total amount raised through American depository receipts (ADRs) this year (January-July), beating China and Taiwan.

Choksey sells StanChart AMC stake for Rs 129 cr

Choksey sells StanChart AMC stake for Rs 129 cr

Rediff.com   25 Jul 2007

Atul Choksey, the former co-promoter of Asian Paints, has exited from Standard Chartered Mutual Fund.

Management buyouts gain momentum

Management buyouts gain momentum

Rediff.com   24 Jul 2007

Private equity players in India, triggered by consolidation of domestic businesses, cross-border M&As (merger and acquisitions) and split in family-owned companies, are going for big buyouts, mostly, management buyouts.

India sixth in global IPO list

India sixth in global IPO list

Rediff.com   13 Jul 2007

India's successful mega share offerings are creating waves globally.

Australian firm in fray for HDFC's Chubb stake

Australian firm in fray for HDFC's Chubb stake

Rediff.com   9 Jul 2007

Australia-based Insurance Australia Group is in advanced talks to buy a 26 per cent stake in HDFC Chubb General Insurance, following the buyout of Chubb's stake by HDFC.

Odds rise for small bourses as deadline looms

Odds rise for small bourses as deadline looms

Rediff.com   22 Jun 2007

With pressure mounting on 18 regional exchanges to demutualise, some bourses have decided to shut shop, while others are going in for demutualisation - leading to an eventual consolidation.

Warburg bids for 50% ICICI shares on offer

Warburg bids for 50% ICICI shares on offer

Rediff.com   21 Jun 2007

Warburg Pincus, a US-based private equity firm, has put in the highest bid worth Rs 5,000 crore (Rs 50 billion) for ICICI Bank shares.

Rahejas, Star to sell 15% in Hathway to ChrysCapit

Rahejas, Star to sell 15% in Hathway to ChrysCapit

Rediff.com   24 May 2007

The Rahejas and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital.

Indian M&A advisors lose out to global peers

Indian M&A advisors lose out to global peers

Rediff.com   22 May 2007

According to a Thomson Financial research, no Indian investment bank figures in the top ten list of the M&A deals that was struck this year, which was topped by UBS.

StanChart-UTI deal on Monday

StanChart-UTI deal on Monday

Rediff.com   12 May 2007

UK-headquartered Standard Chartered Bank is set to become the third foreign player to enter the Indian retail stock brokerage business by buying a 49 per cent stake in UTI Securities for Rs 140-150 crore.

Race begins to set up exchanges

Race begins to set up exchanges

Rediff.com   11 May 2007

The stage is all set for a battle among stock exchanges for setting up separate exchanges for small and medium enterprises as they top bourses.

Citi, 3 others lead race for Sharekhan stake

Citi, 3 others lead race for Sharekhan stake

Rediff.com   11 May 2007

Citigroup's private equity arm Citigroup Venture Capital International, Baring Private Equity, TPG and 3i are the front-runners to acquire an equity stake in Sharekhan, the retail brokerage arm of the Mumbai-based SSKI group.

BSE plans to launch platform for SMEs

BSE plans to launch platform for SMEs

Rediff.com   7 May 2007

The Bombay Stock Exchange, Asia's oldest stock exchange, plans to launch a separate trading platform for small and medium enterprises. Sources close to the development said the BSE was preparing a strategy for an SME exchange.

BankMuscat to launch Islamic fund

BankMuscat to launch Islamic fund

Rediff.com   20 Apr 2007

Oman's largest bank BankMuscat, which recently picked up 43 per cent stake in the domestic brokerage house Mangal Keshav Group

MFs' short term deposits to be capped at 15%

MFs' short term deposits to be capped at 15%

Rediff.com   16 Apr 2007

The Securities and Exchange Board of India is expected to shortly release a circular asking mutual fund houses not to park more than 15 per cent of their corpus as bank deposits at any point of time.

DLF yet to get rights for 60% of land

DLF yet to get rights for 60% of land

Rediff.com   5 Apr 2007

In its filing dated March 29, the company has said that its ability to develop the land reserves and generate the estimated developable area are subject to a number of risks such as defective title to the lands which could be legally challenged.

Corporate bonds to trade on bourses from July 1

Corporate bonds to trade on bourses from July 1

Rediff.com   30 Mar 2007

The much-awaited trading in corporate bonds will start on the National and the Bombay Stock Exchanges from July 1. This is expected to energise the moribund debt market.

5 PSU rights issues likely in September

5 PSU rights issues likely in September

Rediff.com   26 Mar 2007

Public sector undertakings Bharat Earth Movers (BEML), Rural Electrification Corporation (REC), Power Grid Corporation of India and National Hydroelectric Power Corporation (NHPC), are slated to hit the market with their IPOs.

Shop till you drop, with EMI card

Shop till you drop, with EMI card

Rediff.com   23 Mar 2007

EMI card is a unique installment concept, wherein you have the option of paying a fixed amount every month subject to the purchase limit you enjoy.

PEs opting to exit via public offers

PEs opting to exit via public offers

Rediff.com   19 Mar 2007

Unlike last year when private equity participants exited through strategic deals with third party investors, this year PEs are opting to exit via initial public offerings route.