Investors are showing interest in credit-based financial companies with strong profitability indicators, but they are still hesitant to make new investments until they gain more confidence.
During the month under review, the deal volumes declined by 62% with 26 mergers and acquisitions valuing at $311 million owing to the volatile market conditions.
The highest number of IPO listings in November coincidentally aligns with strong rally in secondary market as the BSE Sensex and NSE Nifty touched their respective fresh all-time highs.
SPAC, or Special Purpose Acquisition Company, has become an attractive road for startups to gain entry into the U.S. public market via a reverse merger. But this route has its own challenges.
An extract from the forthcoming book ‘Pandemonium: The Great Indian Banking Tragedy’ gives a behind-the-scenes glimpse of how the Modi government’s ambitious bank merger plans unfolded.
According to Refinitiv, investment banking revenues in India fell 33.6% in the first quarter of 2020 to $222 million from a year ago, the lowest since 2016 ($112.9 million).