Heena Sharma Blog

After much delay, YES Bank is scheduled to announce its results for the third quarter ended December 2019 (Q3FY20) on Saturday, March 14. The results assume significance in the backdrop of recent developments that saw the Reserve Bank of India (RBI) supersede the board of directors of YES Bank and appointed Prashant Kumar as the administrator. The apex bank also put under moratorium all deposits with YES Bank till the first week of April. So, what do analysts expect the bank to unveil on Saturday? “ Quality of book / accounts; actual deposit base; details on the amount of money needed to meet the capital adequacy norms and get new investors on board; and an honest admission of the troubled assets of the bank are the four key things investors should monitor,” says Siddharth Purohit, an analyst tracking the sector at SMC Global. The moratorium on withdrawal of deposits till April and the proposal to write down the additional capital tier-1 (AT-1) bonds, analysts say, has not ...

Burger King India , a major player in the domestic quick service restaurant (QSR) space, will file a document for an initial public offer (IPO) this week with the Securities and Exchange Board of India (Sebi), said people with direct knowledge of the development. The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the burger chain’s expansion plan. Assuming the regulatory approval process takes the usual time, Burger King India would list early next year, joining rivals Jubilant FoodWorks (operator of the Domino’s Pizza chain) and Westlife Development (master franchisee of McDonald’s in the western and southern markets) in going public. Typically, Sebi takes between four and six weeks to vet and clear an IPO document. Everstone owns and operates Burger King’s branded restaurants across India and Indonesia, as part of its food and beverage Asia portfol...