This is the second IPO to be withdrawn in less than a year.

Newly Listed US Cos Call The Shots, Irk Investor Activists

Of the 8 big IPOs in social & New Media space last year, all either had classified boards or dual-class structures....

Gold Loan Firm Manappuram Bounces Back, Sequoia Ups Stake

The company is backed by Sequoia Capital, India Equity Partners, Baring PE India, Granite Hill & Ashmore Alchemy....

Tulip Telecom Raises $51M In Mezzanine Funding

The money will be used to part finance the new data centre, pegged as the largest in India and third biggest globally....

Piramal Healthcare To Borrow For Future Buys

Piramal Healthcare raised Rs 1,800 cr through commercial papers with 30 & 75-day maturities, to part fund the stake buy....

Lloyds Steel Raising $45M From Promoters, Others

Arcil holds 11.64% in Lloyds Steel, which will dilute to 7.3% after the preferential allotment....

Facebook Raising $5B In IPO; With $3.7B Revenues, $1B Profit In 2011

Out of 2011 revenues, as much as 85% was from advertising while social-gaming company Zynga accounted for 12%....

Sovereign Funds Of Abu Dhabi & Singapore Bet Over $650M On HDFC Bank

Funds backed by governments of Abu Dhabi and Singapore had earlier cut their holdings in ICICI Bank....

Gati Going For CDR North Of Rs 300Cr

Brescon Corporate Advisors, is advising the publicly listed express logistics company on the CDR exercise....

SBI Holdings, Edelweiss Form $100M PIPE Fund

Japan’s SBI Holdings commits $75m, rest will be from Edelweiss; fund to invest in listed small and mid-cap firms. ...

In Facebook IPO, Bankers Seek Prestige Over Fees

Facebook can easily negotiate 1 per cent fee for the entire group of investment banks that will peddle its shares....

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INSIGHT

The Dilemma Of “Control”

NARENDRA DINGANKAR & MINI RAMAN
In India, law governing acquisition of “control” of listed cos is laid out in takeover regulations framed by SEBI.
About 60 fund managers polled for the VCCircle Survey.