India

Infrastructure Leasing & Financial Services (IL&FS), which successfully tapped the fledgling Masala loan market for a Rp3.4bn ($53m) deal last year, has returned to the offshore market. But this time around, it opted for a dollar deal.

Indian lender IndusInd Bank has closed syndication for a $300m three year loan, with allocations likely to be out early next week.

Cairn India Holdings, which signed up new lenders for a $651m borrowing in late July, has received commitments from two more banks.

Bajaj Finance has set its sights on a Rp45bn ($703m) capital increase as in-demand Indian FIG issuers line up to tap equity investors.

Indian company Intas Pharmaceuticals is lining up banks to help it fund an acquisition in Europe and the US, turning back to lenders who helped the company pull off a successful takeover earlier this year. But this time around, it has more bargaining power. Shruti Chaturvedi reports.

Barbeque-Nation Hospitality has submitted a listing application to the regulator in India for a $100m-plus IPO through four bookrunners.

Indian Railway Finance Corp (IRFC) is ready to sell its debut offshore rupee bond as soon as it is given the regulatory go-ahead, a source at the issuer has told GlobalCapital Asia.

Bajaj Finance has mandated Goldman Sachs, JM Financial and Kotak Mahindra Capital for a Rp45bn ($703m) primary capital raise, a banker on the deal said.

India’s Quess Corp is eyeing up to Rp11.8bn ($184.4m) from an equity raise targeting institutional investors, taking advantage of a share price that has almost tripled since its IPO last year.

India's Vedanta Resources is talking to banks about a $300m borrowing for its mining operations in South Africa, setting the wheels in motion for its third international loan of the year.

State-owned insurer New India Assurance Co (NIA) has submitted a draft prospectus for its IPO, which could be worth up to Rp75bn ($1.2bn), according to a banker working on the deal.

The European Securities and Markets Authority (ESMA) on Thursday announced a new cooperation agreement with the Securities and Exchange Board of India (SEBI), that will secure it information on the ongoing compliance of Indian central counterparties (CCPs) under EU regulation.