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A vibrant secondary market often enhances the allure of the primary market, as more investors are likely to bid for new issues when the overall sentiment is upbeat. Analysts cited this factor as a major trigger for the rise in the number of IPOs hitting the Street since March.
HDFC's all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million
A $64 billion merger of two big lenders is yielding almost no fees to financial advisers, highlighting investment bankers' struggle for profits in the country.
Morgan Stanley and Bank of America Corp. will take the bulk of that pool while the rest will be paid just a token amount, they said, asking not to be identified as the information is not public.
A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers' struggle for profits in the country.