Just Dial

How does this latest acquisition fit into the Reliance Retail story? On 15 July, Reliance Retail announced that it would pay over Rs.5,400 crore to buy a 67% stake in Just Dial. This would make Reliance the largest shareholder and reduce Mani’s take to 10.35%. How is the deal structured? The Reliance Retail buyout of…

No Profit IPOs

How should investors approach IPOs of loss making companies? With Zomato IPO getting a stupendous response and many more digital IPOs like Paytm, Nykaa and MobiKwik on the anvil; there is a big question. How do investors assess the prospects and value of loss-making IPOs in primary markets. Right place at the right time This…

Mumbai Airport

Why the takeover by Adani should be positive for MIAL During the week, Adani Airports took full control of Mumbai International Airport Limited (MIAL). This deal has been on for some time but eventually, the GVK group of Hyderabad relented and sold their stake in MIAL to Adani, giving the latter majority control. This is…