Billionaire founder share sales give unusual buy signal in India

By reducing their stakes in the companies they founded or manage, insiders are creating space for local and foreign institutional investors to amass the kind of sizable positions they have long been unable to build. Nearly half of all publicly traded shares have been squirreled away by insiders, at a time when investors have begun […]

Strictures leave IPO financing at a dead end

With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum.