India

Indiabulls Housing Finance has become the latest company in the sector from the country to access the syndicated loan market, launching a $125m deal.

Jefferies has hired Vikas Khattar from HSBC as its head of capital markets for India and southeast Asia.

Axis Bank is on track for its debut green bond, marking the third dollar green offering to be sold by an Indian borrower.

The Indian government has shortlisted five banks to pitch for lead roles in its sell-down of iron ore miner NMDC, in a deal that could raise Rp35.6bn ($527.5m) based on its market capitalisation, according to a notice from the Department of Disinvestment on Thursday.

Indian pharmaceutical firm Laurus Labs is planning a Rp10bn ($148.7m) IPO this year and has lined up three banks to lead it, according to a source close to the deal.

British motor oil and lubricant producer Castrol has raised Rp20.8bn ($309m) after selling a block of shares in its subsidiary Castrol India.

India's PNB Housing and Finance will seek approval for an IPO of up to Rp30bn ($448.0m) by mid-June, according to a source close to the transaction.

India’s Laurus Labs is planning a Rp10bn ($149.2m) IPO this year and has picked three banks to lead the deal, according to a source close to the transaction.

The Indian government has sent out a second request for proposals for bids from banks to run Cochin Shipyard’s IPO, after a disagreement on fees following the first attempt.

Bhira Investments, a unit of India’s Tata Power, has wrapped up allocations for its $460m refinancing following a bumper response in syndication, with 19 banks getting a slice of the trade.

Parag Milk Foods has priced its Rp7.4bn ($110.8m) Indian IPO at the bottom of revised guidance after having to extend the subscription period by three days to fill a gap in the institutional investor portion of the deal.

Promoters of the Indian automaker Eicher Motors have raised Rp20.9bn ($313.1m) after selling a block of shares in a club deal.