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Featured | 4 October 2012

Is JPMorgan Doing A Bain To FSL?

by Paritosh Gajjar
Is JPMorgan Doing A Bain To FSL?
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@Paritosh
The gory story of FCCB mishaps is not pretty and of late there’s been a tiny revival.

FSL has just filed EGM for a possible raise with JPM as an advisor, and we see stock moving up 30% in last 15 days. JPM was incidentally also the advisor to Genpact-Bain deal and that deal got Genpact $3.3 Bn valuation. That, and newsflow from the space got us out from the earlier gloomy stance.

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