India

One more bank has joined the top group for a loan for Tata Power subsidiary Bhira Investments. The borrower had initially shortlisted six lenders for the facility to refinance a $460m loan it wrapped up in October 2014.

Indian construction firm, Dilip Buildcon, has scaled down and refiled a draft prospectus for a listing that it first sought approval for nearly a year ago.

The Indian government has raised as much as Rp6.37bn ($94.2m) after selling down its 10% stake in Engineers India, with the offering more than twice subscribed - nearly four times so by retail investors.

The Bombay Stock Exchange (BSE) has kicked off its plans to go public, which have been in the works for three years, with a formal request for IPO approval from India’s market regulator.

The Indian government is seeking bookrunners for the divestment of shares in wholly-owned Cochin Shipyard via an IPO, issuing a request for proposals to banks on Thursday.

The Bombay Stock Exchange (BSE) has finally set in motion its plans to go public, which have been three years in the making. Investors and bankers are sitting up and paying attention as Asia’s oldest exchange gets ready for one of the most high-profile IPOs in India this year. Jonathan Breen reports.

The Indian government is to sell down a 10% stake in oil and gas company Engineers India via an offer for sale on Friday and is hoping to net around Rp6.63bn ($97.69m) based on its market capitalisation.

A $250m loan for Fiat’s Indian arm has attracted large commitments from four lenders and is due to close soon.

A $975m refinancing for India’s Reliance Industries has opened for general syndication via 13 mandated lead arrangers and bookrunners.

India’s Bombay Stock Exchange (BSE) is searching for a bank to head up its long awaited IPO, which has been three years in the making.

Tata Power subsidiary Bhira Investments, which has picked six lenders to arrange a refinancing of a $460m facility, is stretching the tenor of the new loan to five years.

Iran's return to the world market is exacerbating pressure on oil prices and pushing commodity traders and producers to prepare for more disruption