Tirupati Graphite, a specialist graphite and graphene producer with operations in Madagascar and India, became the newest Indian company to list on London Stock Exchange’s (LSE) Main Market, raising £6 million in equity capital from both institutional and retail investors. It is also the latest issuer to receive the exchange’s Green Economy Mark, which recognises equity issuers in London with green revenues of 50 per cent or more. In this interview, CEO Shishir Poddar reflects upon what this listing means for the company and some of the revolutionary uses of graphite, the mineral composed of graphene.
SPACs have emerged as one of the most popular routes used by companies to raise capital in 2020. Some say that 2020 is the year of the SPAC. The US market has seen $70bn in funds being raised by c.200 SPACs this year. For companies, SPACs seem to make sense as it gives them access to capital markets even when the backdrop is volatile. Will/Can Indian tech giants jump in?
The REIT allotted 40.9 million units to a handful of foreign institutional investors including GIC and US based Capital Group.
Mukesh Ambani is preparing Jio Platforms for an initial public offering(IPO) outside India.
The year 2016 was one of the best years in recent times for initial public offering (‘IPO’) in India owing to stronger macroeconomics, pro-business political regime, continuing regulatory reforms and an overall positive investment climate. Indian companies raised more than $4bn through IPOs in 2016, which is close to the aggregate equity raised over preceding four years from 2012-15. The IPO pipeline for 2017 looks promising with some of the large companies expected to tap the equity markets including NSE, [...]