aEquity Fund raising by Indian Companies has increased significantlya, ICICI Securities Head IB at SIBM

SEBI Chairman Mr. M. Damodaran spoke of the tremendous progress that the country has witnessed. The theme for the meet-“Financial Markets in India-The Way Ahead” was explained by him in a fashion that simplified all the technicalities involved in the subject. From the nationalisation of banks to the Capital Markets to the Indian Regulatory Scenario, Mr. Damodaran covered a vast array of subjects. He also spoke about formal education in Capital Markets with an institute on the outskirts of Mumbai in the wings.

J.Niranjan, Head Investment Banking, ICICI Securities addressed the following session. He gave a brief overview of Fund raising in India where he underlined the fact that the Equity Fund raising by Indian Companies has increased significantly. He explained the Private Equity trends, IPO (Initial Public offering) trends & FPO (Follow on Public offerings) in great detail. He quoted the recent transactions & thus made it easier for the audience to grasp the subject and its intricacies.

The next speaker was the Executive Director, ICICI Prudential Life Insurance, Mr.N.S. Kannan. He charted the evolution of the Indian Insurance Industry from the pre-liberalisation era till date and assured a good health for the industry in the coming years with rising income levels playing an important role & the socio –economic trends looking
upbeat. He also spoke about the penetration of the Insurance Industry in Rural India.

The Summit also had Mr. Amul Gogna who spoke about the IPO Grading in India.Mr. Gogna, Executive Director, ICRA answered all queries & doubts on the topic leaving the audience better informed on the subject.

Before the curtain call, the last speaker for the day, Mr.Rahul Roy, Director Ernst & Young enthralled the audience with his speech on ”Risk Management & Value Creation-A Framework Approach”. Mr. Roy illustrated a host of examples interspersed with humour, which ensured that the last lecture of the day did not have a moment of dullness. He emphasised the importance of Risk Management and its applications not only in the financial sector but also political, social & cultural aspects. Be it the Kyoto Protocol or the Stella Awards – the theory of Risk avoidance to Risk embracement was explained in all the examples with perfection. He drove home the point that merely having codes, rules, and laws in place does not ensure good Corporate Governance; they need to be followed up with consequent Management measure.

With Industry experts sharing their insights, the Finance meet at SIBM was indeed an experience that the Corporates & Students will cherish.