Underwriting of capital issues in India has become very popular in recent years but its growth had been very slow in the initial years as compared to the developed countries like U.S.A. and U.K. Securities were underwritten for the first time in U.S.A. in the year 1860 and it was only in 1900 that English Companies Act legalised the payment [...]
This article throws light upon the top five underwriting agencies in India. The agencies are: 1. Brokers 2. Private Investment and Insurance Companies 3. Commercial Banks 4. Development Banks and Other Financial Institutions 5. Consortium Underwriting. Agency # 1. Brokers: The private firms of stock brokers have been underwriting issues from very early times. But their participation has been on [...]
This article throws light upon the top seven developments in merchant banking establishment in India. The developments are: 1. Setting up of Banks Subsidiaries 2. Re-organisation of Private Firms 3. Establishment of SUA 4. Securities and Exchange Board of India (SEBI) 5. Discount and Finance House of India (DFHI) and Others. Developments in Merchant Banking Establishment: Setting up of Banks [...]