In today’s briefing:
- Mahindra & Mahindra (MM IN) | Scorpio-N Fake Bookings
- Indegene Pre-IPO Tearsheet
Mahindra & Mahindra (MM IN) | Scorpio-N Fake Bookings
- One of our routine channels is suggesting the possibility of some of Mahindra & Mahindra (MM IN) ‘s Scorpio-N bookings being fake.
- This channel (an online auto forum) has been a trusted source of information followed by various industry veterans including the company’s chairman.
- While the rationalisation of fake bookings as a recent industry practice could solace some, the fallacy of the bookings narrative only gets stronger.
Indegene Pre-IPO Tearsheet
- Indegene Limited (1864095D IN) is looking to raise around US$400m in its upcoming India IPO. The bookrunners on the deal are Citigroup, JP Morgan, Kotak, and Nomura.
- Indegene is a digital commercialisation firm focused exclusively on the global life sciences industry.
- Its solutions enable biopharmaceutical, emerging biotech and medical devices companies to develop, launch and drive sales for their products in a more efficient manner.
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