In last few months, quite a few Indian business houses embarked upon fund raising for one reason or the other. Some businesses raised funds for debt financing needs, some needed operation cash, some needed working capital, some need for growth needs, and many needed it little bit for everything. Furthermore, the method adopted by business houses have been varied such as qualified institutional placements (QIPs), american depository shares (ADS), global depository shares (GDS), non-convertible debentures (NCDs), asset sales, stake sales, and public offering (IPOs). In general the response has been tremendous and quite a bit of capital was/is being committed by all the participants, including retail investors like you and me.
In April/June 2009 timeframe, it is estimated that a total of $24 billion was raised by Indian companies, while it is estimated that $30+ billion was raised in first six months of 2009. Now this is just the amount raised and does not include the amount committed. The table below shows the some the companies that have gone to capital markets for raising funds. It is not comprehensive but shows the level of capital raised in foreign markets, and in Indian markets.
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TIP Guy
11 June 2009
admin
I have been focusing on writing about long term investments and attempting to show the virtue of patience, efficacy of well defined plan, and importance of following your own investment process. Most of the time I have focused only on dividend based investing at a fair value and I will continue doing that. I plan on adding few topics. During this next quarter, I am going to do following:
Publish Quarterly Progress Update
I have received quite a few messages that express fear factor about long term investing. Many individuals are not able to grasp 10+ investing horizon. Many cite example of Satyam and SENSEX tanking in 2008 to show that stock market is a gamble and it is just not right to think in 10+ years of time frame. For many of my readers, long term means 2 years. I find this very intriguing. In this context, I have decided to publish quarterly update of my portfolio. My objective in publishing this quarterly update will be to demonstrate to my readers, how I measure my progress, and how I manage the risk in my long term portfolio. I will be publishing my quarterly update only once. After that, I will be emailing it only to RSS subscribers of this blog. Continue reading rest of this article…
