Logistics start-up Shadowfax has brought in JM Financial, Morgan Stanley, and ICICI Securities as the main bankers for the firm’s upcoming maiden issue. Citing sources in the know, Moneycontrol reported, “The IPO size is likely to be around Rs 2,500 crore – or roughly in the Rs 2,000 crore to Rs 3,000 crore range depending on how strong the response …
When it comes to financing deals, don’t count out the big Wall Street banks quite yet. In the first quarter, almost $12 billion of debt previously from direct lenders was refinanced via the so-called broadly syndicated loan market, according to PitchBook LCD, a channel dominated by banks. Moody’s Investors Service in a recent report wrote that “banks are fully aware …
India’s current economic growth journey resembles that of the 2003-07 period, when growth clocked an average of over 8 per cent, economists at Morgan Stanley said. Even when oil prices shot up to $145 per barrel in July 2008, the current account deficit only widened to 2.4 per cent of GDP the following quarter,” the report noted. Now that corporate …
Zerodha CEO Nithin Kamath on Thursday reacted to the Morgan Stanley report on India’s transformation in the last nine years and credited government initiatives for its success. Praising Aadhaar, UPI and Digilocker for boosting the country’s growth and encouraging digital transactions, he added that his company was ‘lucky to be at the right place, at the right time’. What does …
