India in the capital markets

India’s capital markets have been an outlier this year, with pace of issuance building across both equities and the debt markets as companies take advantage of a turnaround in sentiment. The country has benefitted mainly from rising oil prices, while China’s economic pains have also provided India some gains. There are challenges to overcome, but there is surely more to come from the south Asian country. 

To keep up to date with the Indian markets take a free trial to GlobalCapital and have all the latest news and data at your fingertips.

                                                  

GlobalCapital Asia is a leading news, opinion and data service for people and institutions using and working in the Indian and international capital markets. Providing you with clearly-voiced, lively coverage based on the comments of those who work in them, together with a wealth of transaction data and archive material. 

Take a look at some of our most recent news and data from the Indian markets.

  • Blackstone acquisition loan for Mphasis enters general

    A $405m loan for Blackstone’s acquisition of Indian fintech firm Mphasis has entered general syndication, a couple of months after the borrower expanded the lending group in the senior phase.

    • 18 Aug 2016
  • Banks pitch for NBCC Rp22bn stake sale

    A group of Indian and international banks have signed up to manage the government’s sell-down of NBCC India, which is set to be worth around Rp22bn ($328.5m), a source familiar with the matter said this week.

    • 17 Aug 2016
  • IRFC on track for Masala bond next month

    State-owned Indian Railway Finance Corp (IRFC) is steaming ahead with plans to issue its maiden offshore rupee-denominated bond in late September.

    • 17 Aug 2016
  • India’s insurance IPO push: best to be prudent

    The Insurance Regulatory and Development Authority of India (IRDA) is looking to make IPOs mandatory for all insurance companies in India that fit the criteria. For some firms, this could be the kick they need to get their act together. But the regulator should be careful about forcing the hands of insurance firms that are not ready for a listing.

    • 16 Aug 2016
  • Banks pitch for India’s Suuti, Hudco sell-downs

    Four banks have been shortlisted by an arm of the Indian government to sell off its stakes in 51 listed and unlisted companies, with the presentations taking place on August 12.

    • 12 Aug 2016
  • Indonesia, India firms seek $125m in loans

    A power plant construction firm from Indonesia and an equipment and infrastructure finance company from India are raising debt worth a collective $125m.

    • 15 Aug 2016
  • Aditya Birla and Grasim merger, BSE hires for IPO

    India’s Aditya Birla Nuvo is planning to merge with Grasim Industries and in the process spin off its financial services business, according to a statement from their parent Aditya Birla Group.

    • 15 Aug 2016
  • India moots compulsory IPOs for insurers

    India’s insurance regulator is proposing to make IPOs mandatory for all insurers that have been in operation for a certain number of years, in a bid to increase their transparency.

    • 15 Aug 2016

                                         

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 8,338.45 114 22.20%
2 Trust Investment Advisors 3,828.00 101 10.19%
3 ICICI Bank 2,904.77 83 7.73%
4 Standard Chartered Bank 2,702.28 30 7.19%
5 HDFC Bank 2,114.13 58 5.63%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 43,164.35 194 10.13%
2 HSBC 40,229.97 226 9.44%
3 JPMorgan 36,402.14 159 8.54%
4 Deutsche Bank 21,224.19 81 4.98%
5 Standard Chartered Bank 20,072.21 135 4.71%

                                        

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 CITIC Securities 29.22
2 China CITIC Bank Corp 12.99
3 Bank of China (BOC) 12.18
4 Everbright Securities 11.36
5 China Merchants Bank Co 10.55

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 7,927.68 44 5.78%
2 China International Capital Corp Ltd 7,717.05 36 5.63%
3 Goldman Sachs 7,626.42 31 5.56%
4 UBS 6,291.01 42 4.59%
5 Citi 6,005.79 39 4.38%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 22,613.44 143 8.94%
2 Citi 18,706.52 117 7.40%
3 JPMorgan 15,393.53 83 6.09%
4 Standard Chartered Bank 11,923.35 86 4.71%
5 Morgan Stanley 11,188.40 59 4.42%

Asian polls & awards

  • RMB internationalisation: 10 questions for the market, part 2

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.

  • RMB internationalisation: 10 questions for the market, part 1

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the first five questions.

  • Made in China: The best banks and deals of 2016

    You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.

  • Asia’s standout deals

    GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.

  • Aussie award winners: The best banks and deals of 2016

    The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.