Mumbai, July 6: Finance Asia, one of Asia's frontline business magazines, has rated DSP Merrill Lynch (DSPML) as the "Best Domestic Investment Bank in India" for 1999-2000.A Finance Asia release issued on Thursday acknowledges that bulk of the cross-border capital raisings in 1999-2000 was lead managed by DSPML. During this period, it lead managed 5 out of 6 international offerings from India which collected $826 million.
In addition, DSPML lead managed 11 domestic equity issues totalling $609 million. These included HCL Technologies, the largest domestic initial public offer during this period, and Cinevista Communications initial offering, a book-built issue which received the"best response to date".
In the area of mergers and acquisitions, Finance Asia noted that "DSP Merrill Lynch is also extremely active in the M&A market with deals completed for the likes of IndiaWorld and Indian Rayon (acquisition of Madura Garments from Coates Viyella plc) and also on purely domestic deals for top companies such as engineering and cement major Larsen & Toubro".
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