Sunday, February 24, 2008

'The high yield bond market has dried up as investors are reluctant to invest in high risk instruments'

Equity, popular at the right price

How are the Indian companies performing in the London market? The answer is, “Not bad,” according to Tom Troubridge, head of the Capital Markets Group of the PricewaterhouseCoopers, UK.
“Despite market turmoil in January, Vedanta Resources, the FTSE 100-listed Indian mining company has performed strongly in line with the mining sector,” he substantiates, during the course of an e-mail interaction with Busine ss Line last week, while on a visit to India. “Recent AIM (Alternative Investment Market) flotations such as Greenco and DQ Entertainment are trading above their issue price.”


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