Central bank softens merger terms
Corporates plug into Gecko money
Selling the index takes on new meaning
If there’s action going on far-sighted Indian companies don’t want to miss out. Internet mania on Wall Street has prompted several Indian IT companies to join the party with their own US listings.
On October 19, Satyam Infoway, an unlisted Indian internet service provider, made what Reuters called a “red-hot debut” on Nasdaq. The price of its American depositary receipts (ADRs), sold at $18 apiece in an initial $75 million offering, doubled on listing and traded at $40 on October 21.
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