Stocks

Public issues seen picking up: advisor

| Updated on: Oct 12, 2015

Listing regulations were an attempt to improve disclosure requirements on a continuous basis, says Abhimanyu Bhattacharya, Partner, Khaitan & Co

Primary capital markets are seeing improved preliminary activity and the Indian promoters wishing to raise funds are generally positive, said Abhimanyu Bhattacharya, Partner, Khaitan & Co, a leading law firm that advises clients wishing to raise funds.

Among his clients who have filed documents with SEBI in September for raising money from the capital market in the next few months are Parag Milk Foods (makers of Govardhan brand of dairy products), Sandhar Technologies (auto components) and Quick Heal (Internet security/anti-virus).

Abhimanyu said the process between filing the documents and closure of the deal normally takes around six months. He expected Indian markets to remain positive during this period even though there are some headwinds such as the impending Federal Reserve rate hikes as well as uncertainty in the Euro Zone and fears of Chinese slowdown.

Asked about the impact of recent changes in listing regulations, which were seen as stringent, Abhimanyu said this was a process of evolution and was a function of the increased sophistication of markets. He said the listing regulations were an attempt to improve disclosure requirements on a continuous basis and bring it on par with the level of disclosure that was done at the time of IPO.

Published on January 22, 2018

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