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

ICICI Securities settles for smaller Rp35bn from lacklustre IPO

ICICI Securities has raised only Rp35.2bn ($543m) from its IPO, short of the original Rp40bn target, after tough pricing led to a poor turnout from local investors.

• 27 Mar 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

India ECM: HDFC AMC, Bandhan and HAL in the spotlight

HDFC Asset Management Co is set to kick off investor education for its India IPO, according to a banker working on the deal.

• 16 Mar 2018

Hindustan Aeronautics sets guidance for $650m IPO

Indian state-owned defence giant Hindustan Aeronautics has announced the price range for its potential Rp42.3bn ($649.6m) IPO, which is set to hit screens next week, according to a source close to the deal.

• 09 Mar 2018

Sembcorp eyes $632m from India energy arm spin-off

Singapore-listed Sembcorp Industries is planning to spin-off and list its Indian energy unit, which will raise Rp41bn ($632.2m) from a fresh issue of stock, according to a draft red herring prospectus filed on Thursday.

• 23 Feb 2018

Indian banks’ QIP plans hit for six by PNB revelation

Indian state-owned Punjab National Bank sent shockwaves through the country’s financial system last week when it disclosed a $1.8bn fraud at one of its branches. The timing could not have been worse, with the announcement casting a shadow over other public sector banks, most of which are in dire need of capital, writes Jonathan Breen.

• 22 Feb 2018

HG Infra preps Rp4.6bn India listing

HG Infra Engineering is planning to launch its Rp4.7bn ($72.4m) IPO in India at the end of February.

• 21 Feb 2018

Canara Bank hires five for Rp45bn QIP

Indian state-owned Canara Bank has appointed a five-strong syndicate group to run a potential Rp45bn ($695.7m) qualified institutional placement (QIP), according to a senior banker on the deal.

• 20 Feb 2018