Changes afoot

Author: | Published: 26 Feb 2019

Over 200 bank, corporate and law firm leaders attended IFLR’s eighth India Capital Markets Forum in Mumbai on January 16. They discussed all things capital markets, from Reits and InvITs to due diligence and the Foreign Portfolio Investor Regime. In case you couldn’t make it, here are the highlights

Conducting due dilligence The basic concept is the golden rule. Prospectors should write documents based on the four pillars: true, fair, full and accurate; Intangible assets have become more prominent, and it is a challenge to interpret these assets; Disclosure or verification can be seen as too detailed, especially for information that cannot be easily verified – for example a quote from the CEO. Sebi's need to be descriptive may hinder the larger picture; Promoter group identification: peculiar to India, promoter group concept is completely foreign, and becomes challenging iwhen verifying family inclusion; Being limited to an international offering risks short-changing the Indian investor...