An Indian equities investment trust run by former Goldman Sachs manager Prashant Khemka has raised £45.6m in its first placing, less than half the £100m it had targeted.
The Ashoka India Equity investment trust announced its intention to launch its initial public offering (IPO) on the premium segment of the main market of the London Stock Exchange in June, targeting an...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow