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Noba Bank block trade is first from 2025's IPO crop
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Commodities trader halves its stake for £132m after shares soar
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Grand Titan Capital Holdings has raised Ps9.85bn ($223m) from divesting some of its stake in Philippine conglomerate GT Capital Holdings in a block trade on Tuesday, February 2. Despite pricing at a tight discount against the backdrop of a recent share price rally, investors flocked to the transaction as they put their trust in the company and the country’s strong growth story.
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CRH, the Irish building materials group listed in London, this morning launched an accelerated bookbuild to increase its capital by 9.99%, as part of the funding for its €6.5bn acquisition of assets being divested by Holcim and Lafarge.
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India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.
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Grand Titan Capital Holdings is shedding some of its stake in Philippine conglomerate GT Capital Holdings in a block trade that could raise as much as Ps10bn ($225m).
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India’s HDFC Bank could launch a Rp100bn ($1.62bn) share sale soon to bolster its capital position once it secures all the regulatory approvals.
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KES Power has raised Prp6.375bn ($63m) from a sale of shares in Pakistan’s K-Electric, after shrinking the deal size by nearly half and pricing the delayed block at the bottom of the bookbuilding range. Just two international investors signed up for stock as pressure on the company’s share price, negative news about dividend payment plans and protests in Karachi wreaked havoc on the trade’s execution.