Tag: dsp merrill lynch

DSP Merrill Lynch makes Pradeep Dokania chairman of global wealth and investment management for India, and transfers Atul Singh from Singapore to take on the role as head of ... The Indian aluminium producer increases the fixed-price deal from $350 million after strong demand from foreign investors. JM Financial builds its fixed-income capabilities by bringing on board Sanjeev Bajaj, Shashwat Belapurkar and Dhiraj Dave from Bank of America Merrill Lynch in India. Two India placements in two consecutive days could signal the start of a rush of local companies tapping the equity capital markets. A team of six senior-level employees from DSP Merrill Lynch skip to J.P. Morgan to bulk up the equities and derivatives business. Pankaj Kalra leaves DSP Merrill Lynch for its Swiss competitor, becoming the fourth senior investment banking hire by Credit Suisse in India in less than a month. State Bank of India opts for a rights issue to raise much needed funds in a tough market. The US bank transfers Kevan Watts to Mumbai to become president of its India subsidiary, DSP Merrill Lynch. Wockhardt Hospitals and Emaar MGF Land lower their indicative price bands on the eve of opening the bookbuilding. BlackRock acquires Merrill Lynch's 40% stake in DSP Merrill Lynch Fund Managers as part of the global deal between the companies. The price is adjusted downwards after the company's shares tumble on the back of a new US energy bill. The upsize option, meanwhile, is partially exercised. Mundra Port and SEZ is expected to price its $450 million IPO at the top end of the range after attracting subscriptions for $52 billion worth of shares. Jayanti Bajpai is made head of origination for India as Patti McLaughlin gives up day-to-day management to focus on senior client relationships. The bank’s Indian subsidiary plans to meet the target by hiring 250 new staff over the next two years. Venture capital firm Sequoia Capital hires Abhay Pande from DSP Merrill Lynch to manage its late-stage investing fund. The Indian real estate developer takes advantage of the market rally to raise $137 million. Sumeet Puri resigns after only five months in his new role, but is asked by the bank to stay on until mid-July. The mobile operator draws record demand from institutional investors, providing a positive backdrop for numerous Indian IPOs in the pipeline. Sharma to become head of ECM India as the German bank plans to increase its focus on domestic capital markets in the fast-growing South Asian nation. The current head of Asia syndicate Sumeet Puri transfers from Hong Kong to Mumbai to take up the new positions.