State Bank of India (SBI) top stories

• Axis Bank to take home Rp100bn from equity placement

  

  Axis Bank is looking to raise Rp100bn ($1.4bn) from a primary share sale to boost its capital adequacy ratio, according to sources close to the deal.

  • 20 Sep 2019

• SBI offers Rp27bn stake in life insurance unit

  State Bank of India is looking to raise at least Rp26.95bn ($378m) from a stake sale in SBI Life Insurance Co, receiving a flood of early demand.

  • 13 Sep 2019

• Bajaj Energy wins Sebi approval for Rp55bn IPO

  Power plant operator Bajaj Energy has got the greenlight from India’s market regulator to launch a Rp54.5bn ($756.7m) IPO of primary and secondary shares.

  • 04 Sep 2019

• Carlyle-backed SBI Card seeks bookrunners for IPO

  SBI Cards and Payment Services, the credit card subsidiary of State Bank of India, has invited investment banks and lawyers to submit proposals to work on its IPO.

  • 20 Aug 2019

• Sterling and Wilson Solar gets Sebi nod for Rp45bn listing

  India’s securities regulator has given the greenlight for Sterling and Wilson Solar’s IPO, which could raise up to Rp45bn ($655m).

  • 09 Jul 2019

• India’s Sterling and Wilson Solar preps Rp45bn listing

  Sterling and Wilson Solar, the solar power business of Indian conglomerate Shapoorji Pallonji Group, is eyeing a listing of up to Rp45bn ($648m), having filed a draft prospectus this week.

  • 17 Apr 2019

• Emami Group nabs $223.5m from share sale

  The controlling shareholders of India’s Emami Group sold a 10% stake in the company to pay off debt this week.

  • 19 Feb 2019

• BPCL follows India rule change with short bond

  Bharat Petroleum Corp (BPCL) took advantage of the new guidelines from India’s central bank to roll out a three year bond, opting for a maturity it was previously blocked from tapping.

  • 18 Jan 2019

• Looming election casts shadow over Indian dollar bond issuance

  Indian bond issuers have started 2019 with a bang, enjoying the benefits of an optimistic dollar debt market. But with a national election looming — and with no guarantees that credit markets will not take a turn for the worse — it will be far from plain sailing. Morgan Davis reports.

  • 17 Jan 2019

• IOC nabs ideal window for market return

  A rally in the debt market and Indian Oil Corp’s (IOC) scarcity value buoyed the company’s return to dollar bond investors for the first time since 2013, allowing it to add a chunky $900m to its coffers.

  • 11 Jan 2019