Budget 2018-19

  BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday Several of the biggest investors in  Paytm’s  record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said, asking not to be identified discussing private information. The stock climbed for a third day on Thursday, rallying as much as 7% to 1,875 rupees in early Mumbai trading. That’s still a fair distance away from its issue price of 2,150 rupees. The size of this week’s purchases by anchor investors couldn’t immediately be learned. Representatives for  BlackRock  and CPPIB declined to comment….

  The heavier deal flow has provided an uptick in fees to the banks China’s regulatory crackdown threatens to reverse a surge in underwriting fees for US investment banks like  Goldman Sachs Group Inc ., Bank of America Corp. and Morgan Stanley. Companies based in China have been the most prolific foreign issuers of equity in New York during the pandemic. But the budding $50 billion flow of US initial public offerings and secondary stock sales is at risk after new regulatory scrutiny surrounding cybersecurity firms. “China’s increased oversight of overseas listings by Chinese companies, announced by the State Council on July 6, could halt unicorn listings in 2H in Hong Kong and the U.S,” Bloomberg Intelligence analyst Sharnie Wong wrote in a note. “Their combined share of  Chinese IPOs  may drop to less than 40 per cent of deal value in 2H from 55 per cent in 1H, assuming deal value halves sequentially.” Investment banks have raised $49.2 billion in US stock offering...

  The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft GoAir  is planning to add new routes as it prepares for an initial public offering (IPO). While the IPO size could not be ascertained, a media report on Thursday pegged it at around Rs 4,000 crore. The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft. A senior executive said new routes were under evaluation but the airline was already selling tickets for flights to new destinations, such as Amritsar, Dehradun, and Surat, on online portals. The route expansion comes ahead of a possible IPO. The airline is also strengthening its management and is looking to hire senior executives in finance, sales, and network management roles. Industry sources said the airline was working on listing plans and had hired merchant bankers and law firms for the share sale. A final decision would be taken by the Wadia group, which owns the airline.