mydigitalfc.com - Equity

Unifi Capital launches fund for niche players

D Govardan — Sun, 04 Apr 2010 21:23:04 +0530

Chennai-based Unifi Capital has launched a new fund focusing on niche players that provide products and services to the recovering residential realty sector.

Bonus debentures make a comeback

Sun, 04 Apr 2010 21:21:40 +0530

A bonus debenture is a little known instrument in the world of bonus shares, buybacks, special/annual/interim dividends, which are commonly used by Indian companies to reward shareholders.

PE-backed deals decline 35 % to $ 26.6b in Jan-Mar'10

Sun, 04 Apr 2010 12:19:13 +0530

Private equity-backed deals globally stood at USD 26. 6 billion in January-March quarter of 2009-10 registering a 35 per cent decline over the previous quarter

Indian banks bet on dollar bond issues

Manju AB — Wed, 31 Mar 2010 23:20:59 +0530

Indian banks returned to the overseas bond markets in the last fortnight to fund their growth plans, with a few banks having raised about $1.15 billion

Domestic companies find raising funds abroad easy

Sneha Shah — Wed, 31 Mar 2010 23:18:25 +0530

Foreign investors’ confidence in Indian companies improved in February with 47 firms raising $2.192 billion (Rs 9,842.08 crore) through external commercial borrowings (ECBs), a rise of 66 per cent from the $1.319 billion in January.

RBI again allows premature FCCB buyback till June 2010

Sneha Shah — Mon, 29 Mar 2010 23:07:16 +0530

Companies struggling with battered market price and resultant heavy debt on account of non-conversion of foreign currency convertible bonds (FCCBs) have been provided another opportunity to extinguish the debt at a discount.

Amrutanjan offers to buy back over 7 lakh shares

Sangeetha G. — Tue, 23 Mar 2010 23:06:54 +0530

Amrutanjan Health Care will buy back its equity shares from the open market for a maximum amount of Rs 22.68 crore. A special resolution to this effect has been passed by the shareholders by way of postal ballot, it informed the stock exchange.

PE funds offer India Inc help in foreign buys

Rajesh Abraham — Wed, 17 Mar 2010 22:34:54 +0530

As assets in the west become cheap, private equity (PE) funds are in discussions with Indian companies to finance the latter’s cross-border acquisitions. A large number of India-focused PE

StanChart may file papers for $1b IDR issue by March-end

Prashant Mukherjee — Wed, 17 Mar 2010 22:17:25 +0530

Standard Chartered, which is planning to raise $1 billion through Indian Depository Receipts (IDR), is likely to file the draft red herring prospectus with the market regulator, Securities Exchange Board of India, by end of March. This will be the first ever IDR issue by any global company.

Squeezing a sound company dry

Sun, 14 Mar 2010 21:41:38 +0530

Whenever savvy private equity firms sell debt in the companies they own buyer beware.
That is the lesson — learned the hard way — for bondholders in Wind