In today’s briefing:
- IndusInd Bank- RBI’s Decision May Not Be a Red Flag
- Tata Technologies Pre-IPO Tearsheet
IndusInd Bank- RBI’s Decision May Not Be a Red Flag
- Indusind Bank (IIB IN) ‘s shares saw a sharp fall of 7% on Monday.
- The fact that RBI shortened the tenure of MD & CEO to two years baffled the market.
- Shortening of tenures by the RBI have been seen earlier also for BFSIs. The move does not explicitly indicate any fundamental deficiency, hence investors should not be too worried.
Tata Technologies Pre-IPO Tearsheet
- Tata Technologies (TATATECH IN) is looking to raise about US$600m in its upcoming India IPO. The deal will be run by Bank of America, Citigroup and JM Financial.
- Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier 1 suppliers.
- It has deep domain expertise in the automotive industry and serves clients in adjacent industries, such as aerospace, transportation and construction heavy machinery (TCHM), according to the company.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
