India

Indian company Tata Steel has returned to the loan market. It is in talks with banks for a £200m ($276m) financing to support its UK business.

ONGC Videsh, the overseas subsidiary of Indian state-owned Oil and Natural Gas Corp, has launched a $500m loan into general syndication. It is targeting a broad group of lenders for the fundraising, owing to lending caps imposed on banks.

Indian Oil Corp has mandated three banks for its $500m loan return, after inviting firms to bid for the transaction last month.

Indian Oil Corp is planning a return to the syndicated loan market after almost three years, sending out a request for proposals for a new borrowing.

Indian software services provider Coforge, previously known as NIIT Technologies, is seeking a loan to fund a dividend recapitalisation, joining a growing list of companies raising debt to pay a special dividend to shareholders.

General Atlantic-owned Indian healthcare group Krishna Institute of Medical Sciences (Kims) has raised around Rp21.4bn ($288m) from a nearly four times subscribed IPO.

Wipro, an Indian information technology business with global reach, sold its first dollar bond this week. The $750m trade catered to international investors already familiar with the company and its credentials.

Indian company ONGC Videsh has mandated four banks for a $500m fundraising, which is likely to be syndicated next month.

Two Indian companies will be testing investor appetite for their IPOs on Monday next week, as the country continues to battle a recent surge in Covid-19 infections.

Indian financial technology start-up Paytm has won in-principle approval from its board of directors for an IPO that is expected to raise around $3bn, according to a source familiar with the matter.

Indian company Tata Motors' subsidiary TML Holdings has printed its largest dollar bond so far, raising $425m at a low yield.

Indian government-owned Canara Bank has received the go-ahead from its board of directors to start its 2021-22 fundraising.