I still fondly recall my first tentative steps into the unfamiliar territory of high finance.
Its a misnomer actually. Indian business and finance still languishes far behind the developed world. People might even argue that it saved us from the crash/recession et al. I disagree, however that discussion is for another day.
I held a Information Memorandum. It boldly proclaimed that the said project (actually a road project) was a great business opportunity for banks/FIs to invest in.
IM as they call it, is a thick booklet, the size of which we used to read in a semester. They (Gods above you called bosses) believe you ought to read it over night and a month later start making one in a fortnight.
The IM is a document that institutions use to describe the securities they are offering for participants and buyers. A prospectus commonly provides investors with material information about projects, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, projections etc needed by the investors to make an informed decision about the project.
There are some catches, which we ll discuss in the next post
Sourcefinance
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