Mumbai-based Reliance Power raised $3 billion in January in India's largest-ever initial public offering. The shares sold represented a 10% stake in the company, which aims to provide electricity to power the country's fast growth but which so far doesn't have a single operating power plant. Reliance Power, which has several power plants under development, won a bid last July to build a 4,000 megawatt (MW) coal-fired plant in the state of Madhya Pradesh. The plant is expected to require an investment of about $5 billion. The Indian government, which has a goal of electric power for every household in the country by 2012, will build seven new 4,000 MW power plants by then.
KUWAIT CITY, Kuwait (HedgeWorld.com) - Global Investment House, an asset manager that specializes primarily in the Middle East and North Africa, said on Thursday [Oct. 4] that its Global Opportunistic II Fund has made "significant gains" from two major investments in China and India. The fund, which focuses on pre- initial public offering and IPO investments, was launched in April 2006, and invests Pakistan, Turkey, China and India as well as in the MENA region. Shailesh Dash, head of private equity at GIH, which invests assets of 2.39 billion Kuwait dinars ($8.54 billion), said in a press statement that GOF II had liquidated its stake in China-based Zhaojin Mining Industry Ltd. and partially liquidated its stake in Reliance Petroleum Ltd., the largest private oil refiner in India and t...
WASHINGTON, Aug. 16, 2011 /PRNewswire-USNewswire/ -- According to a report released by the Microcredit Summit Campaign, a program of the U.S.-based advocacy group RESULTS Educational Fund, nearly 9 million Indian households involved in microfinance -- including approximately 45 million family members, on net -- rose above the $1.25 a day threshold between 1990 and 2010. This good news comes during a difficult time for the sector in India and elsewhere. Microfinance institutions offer loans that can start at $50 and other financial services that enable the poor to start or expand small businesses. A survey of more than 15,000 Indian households, led by Shubhashis Gangopadhyay and carried out by Bappaditya Mukhopadhyay and Sambit Rath of the India Development Foundation (IDF), found that a...
... in the wake of a tremendously successful initial public offering (IPO) in 2010 by SKS in India foll...
While corporate governance may not dictate the economic prospects of developing countries, it certainly plays an integral role in shaping them. This Note contains a detailed analysis of the corporate-governance architecture of one such developing country, India, from its independence in 1947 to the present. The results are surprising: India's corporate-governance framework is sophisticated for a developing country. However, considerable room remains for improvement. This Note presents a series of suggestions designed to improve corporate governance in India. Most notably, India must reform how its boards of directors function, improve its enforcement mechanisms, redefine its corporate laws, and embrace corporate governance as a philosophy.
... Policy Resolution 56 "stipulated that the public sector would dominate the economy." 57 To put thi... they had raised capital through their initial public offering. Thus, corporate governance in Ind...
VALLADOLID, Spain, Nov. 10, 2011 /PRNewswire-USNewswire/ -- More than 137.5 million of the world's poorest families received a microloan in 2010--an all-time high, according to a report released today by the Microcredit Summit Campaign. Assuming an average of five persons per family, these 137.5 million microloans affected more than 687 million family members, which is greater than the combined populations of the European Union and Russia. Microloans are used to help people living in poverty in both industrialized and developing countries to expand a range of small businesses, such as selling products in a local market, making clothes, and providing computer and other business services in rural areas. The report's release precedes the Global Microcredit Summit 2011 to be held November 1...
...An initial public offering of SKS, a microfinance institutionn (MFI) based in Andhra Pradesh, India, was followed by charges of over-indebtedness and ...
We present new evidence from a natural experiment to show circumstances in which ownership restrictions can enhance value. Our evidence is based on multiple restricted bond issues by an emerging market issuer at 150 basis points lower than comparable bonds, resulting in a billion dollars saving. This is intriguing: how can an emerging market issuer with junk bond ratings obtain such low yields? We argue ownership restrictions enhance value since they enable an issuer to precommit to renegotiate efficiently with a favored clientele in the potential default states, thereby circumventing deadweight costs of prolonged negotiations, particularly when the restricted clientele also values the underlying collateral higher than other investors. Ownership restrictions can also result in a transfe...
... prices (lower yields) for its bond offering to a targeted clientele. We present evidence from ... by an emerging market issuer (namely, India's largest bank, the State Bank of India) exclusive... is more liquid and is associated with more public information, and one would expect an exchangeliste..., the summary statistics do provide an initial-cut on what to expect in subsequent results using ...
Jun 7, 2009 . Air India . Indian Civil Aviation Minister Praful Patel told... said the airline "is not going to lose its public sector character. It is not going to be privatized...Jun 3, 2009 . Air India . Air India's initial public offering of shares could be considered in t...
Like initial public offerings (IPO), the amount of equity capital raised using depositary receipts (DR) dried up during the global financial crisis, but there has been a flood of new DR issues in recent months, and companies around the world are expected to make active use of the DR capital market in 2010, market participants say. Banco Santander (Brazil) holds the record for the world's largest IPO for the year to date, with its $8 billion offering in October, which was also the largest ever by a company based in Latin America and the largest offering by any foreign company on a US exchange so far this year. More DR issues are likely from the big emerging markets, including Brazil, India and China, in such sectors as online gaming, healthcare and hospitals, and online education. India ...
... (PV) modules for industrial, commercial, public utility and residential applications international... as a party to the agreement prior to the initial closing and for a limited period in subsequent clo...-India consummated its initial public offering of 11,500,000 units on February 14, 2007. . About ...
... the proposed acquisition "troubling" and offering to help Yahoo come up with other options. Does the...What Ails India's Initial Public Offering Market? . Is greed killi...
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
alberta lease rental | Elk Corporation Of Texas | Dave Sherman | Kenneth Lane | mpamugo uwadi | Conto corrente tesoreria | Cooperazione culturale | andrea gardrat | servicio universal de telecomunicaciones | mariugp
