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Brighter days ahead for Indian equity markets in 2021 as bulls take charge

Brighter days ahead for Indian equity markets in 2021 as bulls take charge PTI Mumbai:  Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around USD 23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over USD 16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up USD 6.4 billion (Rs 47,265 crore)  by divesting around 9 per cent shareholding, the deal street signed off with USD 85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.

dalal street: Deal street dazzles with Reliance deals; brighter days ahead in 2021

MUMBAI: Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.

Year-end 2020: 10 things Modi Government announced under Atmanirbhar Bharat Abhiyaan

Updated Dec 15, 2020 | 09:03 IST The year 2020 also saw the birth of a new vision for India. On May 12, Prime Minister Narendra Modi gave the nation a new vision, a new mission of self-reliance and growth called Atmanirbhar Bharat . Year-end 2020: Atmanirbhar Bharat  |  Photo Credit: PTI New Delhi: The Year 2020 is coming to an end and so is the decade. Due to the coronavirus outbreak which originated from Wuhan (China), this year came as a shock to several countries across the globe, the world witnessed a lot changes in terms of work, economy, social interaction and more. It was probably the first time that many of us ever heard words like quarantine, social-distancing, etc and suddenly masks and sanitizers became the ultimate gear to carry when in public. A handshake was replaced by a Namaste - hand folded.

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