Indians leave bankers in the cold in telecoms mega-deal
Indians leave bankers in the cold in telecoms mega-deal
HONG KONG/MUMBAI: Investment banking business in Asian nation ought to be enjoying bumper fees when a record year of dealmaking. It’s not, and massive banks blame in-house groups of advisers that have proliferated because the country’s high family owned conglomerates tighten their grip. This week’s $23 billion tie-up between plan Cellular, controlled by the Aditya Birla cluster, and therefore the…
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