Yes Bank fronts Indian ECM comeback with $2bn share sale

By Jonathan Breen
16 Jul 2020

Banks are leading a revival in ECM business in India, with Yes Bank gunning for $2bn this week. There are also signs of activity in the country’s moribund IPO market, writes Jonathan Breen.

ECM activity in India slipped into a three-month lull after the government enforced a nationwide lockdown at the end of March, an attempt to stem the spread of the coronavirus. Primary deal flow dried up and markets dived, with the benchmark Nifty 50 index down 38% year-to-date at ...

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