Claims notwithstanding, both companies operate in tough sectors and have their fair share of issues.
When established businesses decide to do an IPO, the most important change they want to showcase is that they are open to a public scrutiny of their performance. That is usually a far more important consideration than, say, wanting the public to be a part of their growth or using the listed tag for better comfort with lenders. This was perhaps the most important facet even in the recent public issue of shares of Life Insurance Corp. of India, whose financials were shrouded in mystery for over six decades.
So, when I want to gauge a promoter’s purpose behind an …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai