Oil India, NHPC to hit capital market by September
India Infoline News Service / Mumbai May 22, 2009 15:40
Aditya Birla Group and GMR Infrastructure are planning to raise funds through QIPS.
In a Economic Times Financial Management Summit 2009, the capital market session was
moderated by Srinivasan Vardarajan, Managing Director, J P Morgan.
In this session, Jagannadham Thunuguntla, Equity Head, SMC Capital, Ranjit Pandit,
Managing Director, General Atlantic, Bharat Banka, Managing Director and CEO, Aditya Birla
Private Equity and Deepak Ghaisas, Chairman-Gencoval.
According to the data compiled by SMC Capitals, 18 firms are planning to hit the capital
market with issue size totaling Rs 70bn. This includes the IPO of Oil India of Rs 14bn and
NHPC's Rs 20bn.
\"In another 6 to 7 months, the IPO market will be recovered,\" adds Jagannadham
Thunuguntla, Equity Head, SMC Capital.
He also added, \"Aditya Birla Group and GMR Infrastructure are planning to raise funds through
QIPS.\"
Ranjit Pandit, Managing Director, General Atlantic says, \"The debt market will be expensive in
India in short term. I would beleive that global markets are intermediate.\"