Sebi ECM reforms to trigger a slew of stake sales

The Securities and Exchange Board of India (Sebi) has made some much-needed changes to its ECM rulebook, which bankers say will wake up the country’s equity market and keep it busy for the next three years, writes Rashmi Kumar.

  • By Rashmi Kumar
  • 26 Jun 2014
As part of its measures, the regulator is making it mandatory for all state-owned companies, also called public sector undertakings in India, to have a minimum float of 25%. Previously, only private companies were required to have a minimum 25% float, while PSUs could get away by listing ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 24.90
2 Industrial and Commercial Bank of China (ICBC) 13.32
3 China Merchants Bank Co 13.15
4 China Merchants Securities Co 8.19
5 Agricultural Bank of China (ABC) 5.46

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
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1 CITIC Securities 16.76 84 6.97%
2 China International Capital Corp Ltd 16.67 78 6.93%
3 Goldman Sachs 15.38 70 6.40%
4 UBS 14.59 105 6.07%
5 Morgan Stanley 14.26 76 5.93%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
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1 HSBC 34.78 304 8.23%
2 Citi 26.50 186 6.27%
3 Standard Chartered Bank 19.10 193 4.52%
4 JPMorgan 18.77 139 4.44%
5 Bank of America Merrill Lynch 16.13 116 3.82%

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