Godrej defies India equity falls with freefloat increase
Indian conglomerate Godrej Industries priced an institutional placement on Tuesday, raising Rs4.042bn ($72m). The deal priced at the top of the range and showed that well-regarded Indian names can still find demand, despite a fall in secondary markets over the course of the month and lacklustre ECM volumes since April.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts