Indian government poised for flurry of divestments as $1.2bn SBI trade shows market window is open

India has failed to meet its disinvestment targets for five years and the current financial year had looked to be no different. But the launch of State Bank of India’s Rs78.3bn ($1.2bn) block has shown there is a window of improved market conditions and it could be the first of several government sell-downs, although broader primary market activity might still be limited, write Clare Hammond and Rev Hui.