Introduction
The Investment Banking team at Darashaw was set up in 1994
and ever since has been at the forefront of the domestic debt
market. We have built a reputation as a respected, committed and
trusted Investment Banker. We have been Pioneers in bringing
forth New Issuers, New Investors and New Innovative
Instruments in the Indian debt markets.
We offer a range of Advisory and Investment Banking
Services backed by research, views and knowledge to meet our
clients’ financial and strategic objectives with discretion,
excellence and trust:
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Resource Mobilisation: Darashaw has
helped to develop the long-term debt markets in the country.
During the last four financial years, we have been associated
with debt mobilization of over Rs. 35,000 crore. We have
mobilized funding through Non-Convertible bonds, short term
and long term loans. We are now making a foray into Equity
funding for our clients through Private Placement and Public
Issuance of their equity.
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Liability Management Solutions:
Darashaw has been a pioneer in structuring Liability
Management for corporate clients. The basic objective of the
exercise is to restructure high cost debt, utilize derivatives
for managing interest rate / currency risks thereby positively
impacting the Profit and Loss A/C of the Company.
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Risk Management Solutions: We have
given risk management solutions for corporate treasuries with
the use of derivative structures. Interest Rate Derivatives
are being increasingly used as an effective hedging tool and
as an important method of interest cost reduction. Darashaw
has acted as a principal driver and advisor in this field with
its clients.
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Business Consulting: Darashaw is
providing many value-added Corporate Consultancy Services to
its clients. The range of services include Strategic Planning,
Business Restructuring, Treasury Management, Profit
improvement plans, Divestments, Financial Risk Management &
Costing, Valuation, Business Planning and Budgeting.
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Structured Products Group: Given the
importance of the securitisation market and possible growth
opportunity and economic benefits in India, Darashaw was
amongst the first to set up Structured Products Group within
the Investment Banking Team. The Securitisation market in
India is still in its infancy and our activities have been
tilted towards developmental. With our emphasis on development
of the market for the product, our efforts are directed
towards:
- Research and knowledge dissemination
- Interaction with Regulators and decision makers
Some of our recent prestigious mandates include:
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Pioneered the first ever Perpetual Bond
issuance of Indian Overseas Bank and UCO Bank
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Debt restructuring of Rs.1200 crore for NINL
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Debt restructuring of approx Rs.1200 crore for MCGM
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Fund mobilisation for Food Corporation of
India of over Rs. 1300 crore over the past two years
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Arrangers for Tier II issues of Indian
Overseas Bank, Exim Bank, Bank of Baroda, UCO Bank and Bank of
India in 2005-06
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Advisors to Tata Engineering’s Rs. 671 crore
Convertible Debentures & Non-Convertible Debentures issued on
a Rights Basis
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Sole Arranger of Rs. 400 crore Short Term
Loans to Idea Cellular Limited for Cellular Telecom Project
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Mobilization of FCNR (B) loans and rupee term
loan for Hindustan Inks
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Successful structuring and placement of an
Innovative ‘Low Coupon structure’ for The Indian Hotels Co
Ltd. to raise Rs. 300 crore
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