India seeks StanChart replacement for $293m PFC divestment

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India seeks StanChart replacement for $293m PFC divestment

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The Indian government is looking for one more bank to lead its Rp18.3bn ($293m) divestment from Power Finance Corp after Standard Chartered, which was among three bookrunners chosen in December to handle the offering, bowed out of the trade following the closure of its global equities business.

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