PRIVATE EQUITY MAKES INROADS IN INDIA

Private equity is gaining greater acceptance in India where rising borrowing costs and a tanking stock market have shut down other means of funding, forcing family-owned businesses to tap a source they had once shunned.

The Financial Express

INDIAN FIRMS RUSH TO AIM AS DOMESTIC FLOATS HIT SHELF

Indian firms are tapping London’s Alternative Investment Market, or AIM, to raise funds as the domestic market for initial public offerings, or IPOs, has dried up for lack of investor appetite for new stock sales and dipping valuations of listed companies.

MINT

M&As CONTINUE TO CLICK, JUNE SEES 51 DEALS WORTH $5.35 BN

Amid apprehensions of economic slowdown, India Inc. seems to have resorted to mergers & acquisitions to keep their business going. The number of M&A deals announced in June stands at 51 with value at $5.35 billion, as against 49 deals and $2.92 billion in May...

The Economic Times

India's 2008 equity mop-up seen at Rs 75000 crore

Indian companies are expected to raise about Rs 75000 from the primary market through issue of equity shares in 2008, Prime Database said on Monday. Of this, about Rs 60000 crore would be through initial public offers (IPOs) and the balance from follow-on issues, the primary market monitoring firm said. It expects 150-175 public issues to hit the market this year.

The Economic Times
http://economictimes.indiatimes.com/Market_News/
08_equity_mop-up_seen_at_Rs_75K_cr/
articleshow/2680147.cms

Rupee near 10-year high

The rupee came off from near its 10-year higher levels but still ended strong by five paisa at 39.29/30 against the US dollar on expectations of heavy allocation of foreign funds in near future in IPOs and smart recovery in the equity markets.

The Economic Times
http://economictimes.indiatimes.com/Market_News
/Rupee_near_10-year_high_vs_dollar/
articleshow/2680848.cms