Five Star’s IPO deserves a look and Mukesh Ambani’s NYC buy raises a query

The NBFC’s clarity on business strategy and RIL’s seeming lack of one with its latest acquisition make for an interesting contrast.

Advait here. One of you, dear readers, asked us about Five Star Business Finance’s upcoming IPO. I’m glad you did. Though I have been covering non-banking finance companies for a while, Five Star hasn’t really been anything more than a blip on my radar. But it’s draft prospectus makes for a fascinating read. Similarly intriguing has been Mukesh Ambani taking the keys of the famed Mandarin Oriental Hotel in New York. A billionaire’s splash, or something more strategic? Read on. 

A focused and secure approach

It is rare to see a lender sticking to one or two products, and going …

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Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

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prince@mailtmc.com

Mumbai

Author

Advait Palepu

Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.

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advait@mailtmc.com

Mumbai