The Banking and Strategy Initiative

Chillin' out till it needs to be funded

The real estate infrastructure pot pourrie

DMRC and Bangalore Metro would have smaller issues than this wannabe, 100 year old poor house from Indian promoters called Godrej and it riles me to see that they can issue 1 crore shares and walk away with Rs 500 crores, Of course if you believe what you see, a awakened and enlightened Monica is reworking corporate practices here but Wharton and Stanford educated Ambanis have given in to temptation for less.

We wouldn’t have expected this in 2007. Nor us, nor the fourth estate and never the politicians. Just two years forward and the Godrej properties of the world with a land bank of 400 acres are selling a 10% stake for INR 500 Crores. GMR Infra has recently nearly completed a domestic placement of INR 500 crores ( bonds i believ, not the pref shares they planned yet) and they have 45% of revenues just from the Delhi and Hyderbad airports..

The markets are obviously shaky from the recent unnerving vote of confidence too, where 30K is the new top and retail investors can very well give up hopes of getting IPO contracts. Post listing, only the unfortunate would immediately touch these real estate and infra scrips, even GVK which bought out L&T’s stake in Bangalore Intl Airport ( BIAL is going to do very well economically, but more on that later) Post listing there are sterling investments in the sector, but for a three year horizon..esp GVK, REC and GMR also Satluj Vidyut, NHPC and PNB, even there i do not see Godrej properties anywhere..still will be oversubscribed and the prospectus is pretty detailed ( i’d directly go to the sebi site for that..no links pa, please or try http://chittorgarh.com )

DMRC and Bangalore Metro would have smaller issues than this wannabe, 100 year old poor house from Indian promoters called Godrej and it riles me to see that they can issue 1 crore shares and walk away with Rs 500 crores, Of course if you believe what you see, a awakened and enlightened Monica is reworking corporate practices here but Wharton and Stanford educated Ambanis have given in to temptation for less.

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