ITC $2bn Placement - Very Well Flagged but Still Won’t Be an Easy One to Digest, Won’t Do an Indigo
BAT aims to raise around US$2bn via selling 3.5% of ITC. The deal is a very well flagged one but its also relatively a very large deal.
402 Views
BAT’s Possible US$2.5bn ITC Selldown - Will Be Well Flagged but Still Won’t Be an Easy One to Digest
The deal is now live for a target raising of US$2bn, which will drop BAT's stake to 25.5%. The news of the deal was leaked earlier today so its...
731 Views
HDFC Bank (HDFCB IN): Initiating Coverage – Long Term Compounder; But "Short" For Now
HDFC Bank has been the most successful bank in India for long, but things changed drastically with the merger with HDFC Ltd. The negatives outweigh...
310 Views
Interglobe Aviation (Indigo) Lockup - Still Has US$3bn+ Stake Left, After Three Prior Selldowns
The founder is now looking up to US$450m via selling around 3.3% of the company. This deal is well flagged although the timing is a few days later...
570 Views
Union Bank of India QIP - Well-Flagged and Just in Time for Index Inclusion
Union Bank Of India (UNBK IN) is looking to raise up to US$370m (INR30bn) via its QIP. In this note, we talk about the deal dynamics.
361 Views