Retail investors get the short shrift and the Ruias look to re-enter the steel business
Advait here. Zomato founder and CEO Deepinder Goyal’s quip that he’s been waiting for a bear market for a long time must have felt like a slap in the face for retail investors who signed up for the startup’s IPO. Not to speak of Morgan Stanley, one of the lead managers of Paytm’s fiasco of an IPO, that has now pared much of its stake. So guess who else hadn’t understood Vijay Shekhar Sharma’s business model. Even as one wonders at the cockiness in all this, there’s one astounding comeback in the making taking place at the Essar group. Read …
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.
Managing Editor
prince@mailtmc.com
Mumbai
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.
Writer
advait@mailtmc.com
Mumbai