India
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Indian solar power company Azure Power Global has traded down on its debut on the Nasdaq stock exchange after pricing its IPO below the price guidance. -
An acquisition financing to back Indian company Intas Pharmaceuticals’ purchase of a portfolio of assets in the UK and Ireland is due to hit syndication soon. The loan is expected to be one of the first big ticket trades to be booked partly out of India’s international financial services centre, Gift City.
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Gas Authority of India (GAIL) has rolled a $300m refinancing into general syndication through three mandated lead arrangers and bookrunners.
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The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues
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India’s National Stock Exchange has got the green light from its board of directors to launch its long-awaited IPO in the form of an offer for sale, according to an announcement on its website.
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India’s UPL Corp executed its first dollar-denominated bond on Wednesday, benefiting from a quiet primary market, the strength of its credit and an extensive marketing effort beforehand.
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Automotive component manufacturer Endurance Technologies has opened books for its Rp11.6bn ($173.4m) IPO in India on solid footing, raking in orders from 24 anchor investors.
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India’s UPL Corp opened books for its inaugural G3 bond on Wednesday. It is the only deal to have launched so far this week in Asia ex-Japan with China on a one-week holiday to celebrate its National Day.
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Two private equity-backed firms in India have filed for IPOs to raise around Rp16bn ($239m), with Continental Warehousing Corp and Prataap Snacks submitting their applications to the regulator.
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Azure Power Global has rejigged the terms on its $78.4m New York Stock Exchange IPO midway through bookbuilding, halving the shares on offer to make way for the entry of a Canadian institutional investor.
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Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.
