Investors cheer $165m ICICI Prudential Life stake sale

A sell down in India’s ICICI Prudential Life Insurance by its parent, worth up to Rp11.2bn ($164.8m), has been warmly embraced by institutional investors.

• 15 Jun 2018

HDFC, Yes all clear for jumbo capital raising

India’s HDFC Bank and Yes Bank won approval this week to go ahead with their billion-dollar fundraising plans. A number of methods are on the table, including qualified institutional placements (QIPs).

• 14 Jun 2018

Shareholders greenlight $1bn Yes Bank QIP

Indian lender Yes Bank has won approval from shareholders to raise up to $1bn in fresh capital through a variety of methods, including a qualified institutional placement (QIP).

• 13 Jun 2018

Sansera Engineering hires quartet for $220m IPO

Auto components maker Sansera Engineering has mandated four firms to lead its India IPO, which could raise up to Rp15bn ($219.9m), according to a banker on the deal.

• 23 May 2018

IndInfravit bags $484m from first InvIT private placement

IndInfravit Trust lifted the gloom in India’s infrastructure investment trust market this week after its Rp32.3bn ($484m) private placement, a first for the asset class, drew in Allianz Capital Partners and Canada Pension Plan Investment Board.

• 08 May 2018

Larsen & Toubro revives InvIt market with new private listing

Indian conglomerate Larsen & Toubro kicked off the listing of its infrastructure investment trust (InvIt) this week, pushing a novel private placement structure. Market participants predict that with the sponsor’s strong credentials, a desire for safe assets and a bigger investor pool, the deal could be the boost InvIts have been waiting for. Jonathan Breen reports.

• 03 May 2018

IndInfravit Trust to hit screens with third India InvIT

IndInfravit Trust will launch a Rp32.3bn ($484.3m) IPO on Thursday, the first time an Indian infrastructure investment trust (InvIT) will sell shares solely through a private placement.

• 02 May 2018

Crystal Crop lays groundwork for $150m India IPO

Crystal Crop Protection has filed for a Rp10bn ($150m) flotation in India that will raise both primary and secondary equity.

• 06 Apr 2018

Varroc, Atria Convergence make first moves on India IPOs

Varroc Engineering and Atria Convergence Technologies have submitted their respective draft prospectuses to list in India within the next few months.

• 04 Apr 2018

India IPOs: ICICI starts strong as HAL holds out hope

India’s ICICI Securities covered nearly a third of its Rp40.2bn ($617.1m) IPO on the first day of bookbuilding, after the deal was launched with strong support from anchor investors.

• 23 Mar 2018