With private equity and venture capital boom supplementing public markets, both investing and entrepreneurship in India will never be the same again
In October 1977, a growing and ambitious textile company from Naroda, Gujarat, launched an initial public offering on the BSE, issuing 2.82 million shares. As IIM Calcultta’s Anjan Raichaudhuri records in his book Managing New Ventures, 58,000 small investors from across India acquired equity in the company, and the company’s investor base included people from Gujarat’s rural areas.
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