Aequitas - Zepto - The Negatives - Losses Will Continue
Zepto is looking to raise about US$1bn in its upcoming India IPO. In this note, we talk about the not-so-positive aspects of the deal.
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HDFC Bank’s Downsizing Programme: Disturbing Lack of Humanity and Transparency
HDFC Bank (HDFCB IN), India’s largest bank by market capitalisation appears to be the first off the block in demanding resignations from permanent...
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India's Bear Stearns Moment
With large parts of India still in lockdown, there have been apprehensions that there could be an increase in corporate defaults, especially from...
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Aequitas: ICICI Pru AMC Lockup Expiry - US$4.6bn Lockup Release for JV Partner
ICICI Prudential AMC (ICICIAMC IN) (IPAMC) raised around US$1.2bn in its India IPO in December 2025. The lockup on its promoters and pre-IPO...
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Global Equity Strategy: More Cracks Begin to Show
Adding to last week’s concerns reiterated above, additional developments which have further dampened our overall outlook include a breakdown in the...
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