Indian lockdown buckles ECM pipeline

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By Jonathan Breen
02 Apr 2020

India’s equity capital markets were silenced this week as a nationwide lockdown and tumbling share prices kept bankers at home and issuers at bay.

Indian bankers’ hopes for a busy end to the financial year, which closed on March 31, have been dashed in a dramatic way. As many as eight IPOs have been shelved after a surge of global and domestic volatility in equity markets, which twice triggered a circuit breaker ...

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