Indian cos raise $2.7 bn on AIM in 2006

Agencies
Posted: Tuesday, Oct 09, 2007 at 0000 hrs IST
Updated: Tuesday, Oct 09, 2007 at 2032 hrs IST

Font Size

Feedback

Discuss

Buzzintown to expand its presence to 35 cities FinMin supports ADAG's borrowing plans Dr Reddy's files for marketing Lipitor generic

New Delhi, October 9:: India-related companies and investment funds raised to the tune of 2.7 billion dollar on the Alternative Investment Market (AIM) in 2006.

Out of the total amount, nearly two million dollar was raised by real estate funds, promoted by Indians.

These figures were revealed today during a seminar 'The Alternative Investment Market: Opportunities for Indian Companies' which was organised by the Confederation of Indian Industries (CII) and law firm Amarchand Mangaldas here.

AIM is the London Stock Exchange's international market for smaller growing companies. It was launched in 1995 and has raised about 26 billion dollar in 2006 alone.

"AIM has witnessed substantial growth in recent times and also offers wider investor base and higher liquidity for the companies. Currently, it has about 36 individual industry sub-sectors," said Ibukun Adebayo, Manager (India and International), International Business Development of the London Stock Exchange.

According to him, in order to have better liquidity, the firms should be able to ensure a good initial distribution of shares (among different shareholders) and also have a good coverage from the analysts.

AIM offers liquidity for small companies and have three different transaction structures for Indian businesses – IPO of holding company or subsidiary abroad, follow-on offering for Indian listed firms (GDRs) and IPO of India-focussed investment company.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.