SWFI First Read, June 14, 2017

ADIA Participated in Backing Tejas Networks Before IPO

Bangalore-based Tejas Networks Ltd, a telecommunications equipment maker, had its initial public offering (IPO), offering 17.11 million shares. Some anchor investors right before the IPO were the Abu Dhabi Investment Authority (ADIA), private equity firm East Bridge Capital and PremjiInvest. PremjiInvest is the family office of Wipro Ltd chairman Azim Premji. ADIA and East Bridge bought 1.33 million shares each, at Rs 257 per share, while PremjiInvest, through its PI Opportunities Fund I, purchased 1.17 million shares. Axis Capital Ltd, Citigroup Global Markets India Pvt. Ltd, Edelweiss Financial Services Ltd, and Nomura Financial Advisory and Securities (India) Pvt. Ltd were managing the IPO for Tejas Networks.

Rohan Singh Joins BNY Mellon

Rohan Singh, a former executive at Northern Trust, is joining BNY Mellon on June 27, 2017 as Asia Pacific head of asset servicing. He will be based in Singapore and report to Samir Pandiri, Executive Vice President and Chief Executive Officer of Asset Servicing at BNY Mellon.

Mark Speciale Joins BNP Paribas Asset Management

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