Insights

Our take on developments in Economics, Stock Markets, Primary Market, Fund Raising, Debt, Private Equity and M&A deal Making.

Capital Market Update August 2021

Capital Market Update August 2021

Core Industries posted modest growth in June with the tapering of the Covid-19 wave. GST numbers of July are also robust. However, inflation has remained above benchmark for consecutive second month. Stock markets stayed bullish and Realty sector saw a 10-year high in the month of July 2021.

Key M&A and Private Equity deals include Japanese Sumitomo Mitsui Bank’s acquisition of majority stake in Fullerton India Credit Company, marking entry in Indian financial industry and Walmart backed Flipkart raising $3.6 billion in funding as competition intensifies in the Indian online retail market.

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Economic Update July 2021

Economic Update July 2021

Nomura India Business Resumption Index a tracker of economic activity increased for sixth consecutive week to 91.3 for the week ending on July 4th from 86.3 showing that the business activity is rebounding very quickly after the second Covid wave.

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PE: KKR buys stake in Vini Cosmetics

PE: KKR buys stake in Vini Cosmetics

KKR, a global investment firm, and Vini Cosmetics, a branded personal care and beauty products company in India, announced that Company’s Founder Group – led by Darshan Patel, Chairman & Joint-Managing Director, and Dipam Patel, Joint-Managing Director – and Sequoia Capital will sell a majority stake in the Company to KKR for approximately US$625 million (INR 46 billion).

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Capital Market Update March 2021

Capital Market Update March 2021

Union budget was presented and was well received and Secondary markets touched all-time high in February 2021. IPOs of Indigo Paints Limited and Nureca Limited came in the month of February 2021 and were listed at high premiums.
Deals include Merger & Acquisition deal of Mawana Sugars to sell unit to Bodal Chemicals and
Private Equity deal of Advent International to acquire controlling stake in ZCL Chemicals Limited.

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Impact of Coronavirus on Capital markets and Economy

Impact of Coronavirus on Capital markets and Economy

With a third of world under lockdown, the Coronavirus pandemic has now started to affect economy. We examine its impact on capital market activities like IPO, PE, M&A and global and Indian stock markets. IMF along with other think tanks expect that world may see recessionary trends in 2020, we go thru their assessment and steps taken by governments to stabilize economies.

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Capital Markets Update February 2020

Capital Markets Update February 2020

Our monthly take on Funds mobilization, capital markets, debt funding and economy. This update discusses the first advance estimates (FAE) released by the National Statistical Office (NSO) that placed India’s real gross domestic product (GDP) growth for 2019-20 at 5.0 per cent.

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Capital Market Update October 2019

Capital Market Update October 2019

Our monthly take on Capital markets, debt funding, private equity, Merger & Acquisitions and Economy. This update was published by Chartered Accountant Association Journal. It discusses Corporate Tax cuts and impact on investments.

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Capital Markets Update July 2019

Capital Markets Update July 2019

In wake of IL&FS and banking sector crisis the Indian economy is slowing down its pace primarily due to liquidity crunch. The estimated growth rate of economy has also been revised to 7% from 7.2% in April by RBI. The Indian economy has grown by 6.8 per cent in...

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Capital Market Update October 2021

Capital Market Update October 2021

Indian economy is recovering well with positive industrial data, record agricultural output and ease in CPI inflation. RBI has continued with the low interest rates; however it has started the process of normalizing by reducing the excess liquidity from the system. Indian stock markets have remained bullish and Sensex hit the 60,000 mark for time to reach a lifetime high in September.

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Stock Markets Update September 2021

Stock Markets Update September 2021

BSE Sensex went up by 2.74% to close at 59,126 in September 2021. Nifty 50 closed at 17,618 higher by 2.84% from 17,132 in August closing. Sensex hit the 60,000 mark for time on 24th September 2021 and reached its lifetime high of 60,244.65. The reasons for bullishness are good economic recovery post 2nd Covid-19 wave, positive global cues, strong inflows by FIIs, surplus liquidity in the system, low interest rates and good results by corporates.

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