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  • Motor and lubricant oil producer Castrol is on track to raise Rp17.7bn ($264.1m) from cutting down its stake in its Indian arm, marking the UK firm’s second such sell-down this year.
  • In a week where much of the attention has been on Postal Savings Bank of China’s mammoth IPO, Chinese firm Rici Healthcare Holdings is getting ready to jump into the equities market for a potential $200m listing, according to sources.
  • Postal Savings Bank of China has narrowed the price range on its Hong Kong IPO to the bottom half of guidance, and is set to raise up to HK$58.8bn ($7.6bn) in the world’s biggest listing in two years.
  • Takeaway.com, the Dutch online fast food delivery service, has opened the books for its €350m IPO, with a price range that could value the company at up to €1.1bn.
  • A senior UK-focused equity capital markets banker at JP Morgan has left the bank to join Numis Securities as a managing director.
  • Thailand’s CP Foods Holdings has raised $300m from an exchangeable bond, returning to the equity-linked market after a hiatus of nearly three years.
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