India

Sumitomo Mitsui Trust Bank exited its stake in India’s Reliance Capital on Tuesday through a Rp4.6bn ($71m) overnight share sale, more than two years after the pair inked a strategic partnership.

Indian IPO hopefuls Shalby Hospitals and Matrimony.com have won approval to list from the country’s market regulator.

Indian solar company Azure Power Energy is readying investors for a dollar green bond, starting a roadshow this week.

Indian renewable energy firm Greenko Energy Holdings returned to the green debt market this week, printing a $1bn dual-tranche trade — Asia's largest dollar corporate green bond to date.

India’s HDFC Standard Life Insurance Co has revived plans for an IPO, putting a proposed merger and backdoor listing with Max Life Insurance Co on the backburner, according to an exchange filing.

A relatively stable credit backdrop has encouraged a swathe of Asian issuers to tap the bond market this week, ensuring a blistering pace of issuance.

SBI Life Insurance Co has filed a preliminary prospectus for its $900m IPO, which will see its two biggest shareholders sell down their stakes.

Indian power company JSW Energy received board approval last week to raise up to Rp210bn ($3.27bn) from the debt and equity markets.

Shareholders of India’s UTI Mutual Fund are weighing an IPO for the asset management firm nearly a decade after its attempt to list.

ICICI Lombard General Insurance Co is looking to go public with an up to $900m deal, submitting a draft prospectus for what could be India’s first IPO from a non-life insurer, according to a banker familiar with the matter.

Indian banks are muscling into offshore loan syndications they previously rejected out of hand, driven by a desperate need to lend amid a slowdown in domestic borrowing. Shruti Chaturvedi reports.

State Bank of India is set to sell 80m shares in SBI Life Insurance Co’s IPO, which recently got the go-ahead from the industry regulator, according to an exchange filing.