Bandhan Bank, Devi Seafoods prep India flotations

rupees 230-150x
By Jonathan Breen
08 Mar 2018

India’s Bandhan Bank is set to launch bookbuilding for its Rp44.7bn ($687.5m) IPO next week, according to a notice on Thursday.

It is planning to list through a mix of primary and existing stock. The float will comprise a fresh issue of 97.7m primary shares and 21.6m secondary.

The selling shareholders are International Finance Corp, World Bank’s private investment arm, and IFC FIG, which are providing 14.1m and 7.6m ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial