India

A $120.6m borrowing to support a recent acquisition by Indian company Tata AutoComp Systems has launched into general syndication.

BSE, the owner of the Bombay Stock Exchange, is off to a cork-popping start to its Rp12.4bn ($182m) IPO, having snagged both marquee anchor investors and strong early orders.

India’s Cabinet Committee on Economic Affairs (CCEA) has given the go-ahead for the listing of five state-owned non-life insurance companies, according to an announcement by the committee on January 18.

State Bank of India wrapped up Asia ex-Japan's first dollar bank issuance of the year while navigating a crowded primary market this week, snapping up $500m from a senior five year.

India’s Reliance Industries is continuing a refinancing spree that began last year. It has started speaking to banks for a syndicated loan facility that will consolidate several bilateral deals.

London-headquartered Vedanta Resources is pursuing a new 5.5 year dollar transaction after more than three years out of the international market,. The new deal is taking place alongside a tender offer for two of the company’s existing notes.

State Bank of India, through its London branch, is selling a new senior dollar bond, getting its funding done before Donald Trump officially taking office on Friday.

Cairn India is speaking to banks for a loan that will refinance borrowings that are due to mature over the next few years, bankers said this week. The company is looking to borrow through a Scotland incorporated subsidiary.

Securities and Exchange Board of India (Sebi) has hit investment trusts with another hurdle by adding limits to the number of units a mutual fund can hold. Meanwhile, the regulator has also approved plans to increase the transparency of backdoor listings.

The bank has reshuffled its management team in commercial banking in Asia, with senior bankers taking on new roles, according to a press release it sent out on Monday.

The Bombay Stock Exchange has announced a marketing range for its long-awaited IPO in India, leaving no doubt that the Rp12.4bn ($182m) deal will price at the top of expectations.

India’s second largest stock exchange BSE is set to launch bookbuilding for its potential $200m listing in the last week of January, according to a red herring prospectus filed by the bourse.