09 Nov 07 UTI Mutual Fund IPO early next year

UTI Mutual Fund IPO is likely to hit the markets in the first quarter of the coming calender year. UTI Mutual Fund IPO would be the first IPO made by a Mutual Fund. UTI Mutual Fund will be India’s first mutual fund to be listed and traded on a stock exchange. UTI Mutual Fund plans to do a pre IPO placement of about 20% of the company’s equity capital before the IPO, with a private equity player.

22 May 07 Pre IPO placements by Real Estate Firms

The government of India is having a re-look at the policy governing the pre IPO sale of shares by real estate companies to foreign institutional investors (FII’s). The RBI’s stand is that pre IPO placements be treated as foreign direct investment (FDI) and not as foreign institutional investment (FII Investment) since foreign direct investment (FDI) is made by the promoters at their discretion. Any policy change will have significant importance considering the fact that DLF is coming out with a MEGA IPO next month.