Indian splurge builds hope among ECM bankers, but financing costs mean investors need a big rise
Four Indian ECM deals have priced this week and another is due on Friday, topping off a rapid turnaround in sentiment in the market over the last few weeks. Foreign investment is on the rise, domestic demand is strong, and even a government offer for sale managed to get away several times oversubscribed, writes Louisa Burwood-Taylor.
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