Iran Effect

Indian markets may be underestimating the Iran effect The drone attack that killed Soleimani, a senior military official of Iran may have much larger repercussions than is being currently envisaged. In the fractured Middle East, this may appear to be a normal event but it is the first time that the American drones have directly…

UTI AMC IPO

A glut of AMC shares can depress valuations as scarcity vanishes When the UTI AMC filed the draft red herring prospectus (DRHP) for its IPO, it was already anticipated. Like in case of other AMCs, the IPO of UTI AMC will be structured as an offer-for-sale, wherein the existing shareholders of UTI will get partial…