here comes the real estate!
Posted by tejbir on January 4, 2007
And we thought India had seen big issues! The IPO of DLF which plans to raise Rs.12,250 crores makes all earlier issues seem dwarfs and consider that the equity dilution is only 10%! The issue open in Feb and will seek an offer for 17.5 crores equity shares in a band of 700 to 825.
In a talk with Mr. Robin Roy, Business Line reports his views on financial sector especially Banking. As per him, the among the most eventful happenings in 2006 were RBI’s tight rope walking on CAC, moving from entity-based supervision to activity based supervision in case of NBFC, challenges for ALM, advent of vulture funds. And for the year 2007, he believes Basel II, Clause 49 and breaking down of conventional business models will be the most eventful happenings besides the turning upside down of the value chain by banks to join hands with retail stores, postal services and telecos. The most interesting thing was the reference to billionaires in India crossing the 100 mark and opening opportunities for private banking.
