India
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State-owned Indian companies National Thermal Power Corp (NTPC) and Hindustan Petroleum Corp (HPCL), both regulars in the syndicated loan market, have sent out new requests for proposals. -
The Securities and Exchange Board of India (Sebi) is planning to update its guidelines for issuing convertible securities, with the regulator launching a public consultation on Tuesday. The move has been welcomed by market participants.
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Drug manufacturer Alkem Laboratories has set the price range for its Rp13.5bn ($202m) IPO in India, with the offering set to launch on December 8.
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The Securities & Exchange Board of India (Sebi) is moving ahead with a long-delayed plan to allow its two stock exchanges to float their shares, with the board approving the listings on Monday.
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State-owned Indian companies National Thermal Power Corp (NTPC) and Hindustan Petroleum Corp (HPCL) have hit the syndicated loan market with separate requests for proposals.
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India’s Dr Lal PathLabs has firmed up terms for its Rp6.32bn ($95m) IPO, with the small size of the transaction giving leads the confidence of a positive response when the deal launches.
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India’s Reliance Industries is back in the market to refinance a $1bn loan from 2010, just days after signing a $1.5bn facility.
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A $125m loan for Bharat PetroResources International (BPRL), a subsidiary of Bharat Petroleum Corp, has wound up with demand driven by Taiwanese lenders.
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DM Wenceslao and Associates has trimmed the maximum offer price on its IPO of up to Ps10.73bn ($227m) to Ps25 from Ps44, as it gears up to launch and price the deal in the coming weeks.
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OCBC has hired David Cheng from Deutsche Bank to be head of corporate finance. He will run the Singapore bank’s equity capital markets, M&A and equity syndication teams.
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Birla Carbon and Fiat India have launched their respective dollar loans into syndication, with the former seeking $925m and the latter $250m.
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India’s Reliance Industries signed its $1.47bn dual-currency loan on November 20 in Dubai, sealing the deal after commitments from a 30-strong group lenders.
