India
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The Indian government has raised Rp40bn ($547.4m) from a sell-down of its stake in Axis Bank. -
ONGC Videsh (OVL), the overseas business unit of Indian state-owned Oil and Natural Gas Corp, is plotting a new dollar loan to refinance a looming bond maturity.
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Punjab National Bank has raised Rp18bn ($246.1m) after issuing a block of new shares. The deal drew strong demand from a handful of foreign and domestic financial institutions.
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JSW Hydro Energy, a subsidiary of Indian power company JSW Energy, sold its first international bond this week, taking $707m from the green transaction.
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Piramal Glass has closed its $355m leveraged buyout loan, receiving strong response from 14 participants.
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Cement company Nuvoco Vistas Corp is planning a Rp50bn ($681.5m) listing, having filed draft IPO documents with the Indian regulator.
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PowerGrid Infrastructure Investment Trust has wrapped up its Rp77.3bn ($1.05bn) IPO, giving a boost to the still nascent asset class in India.
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PowerGrid Infrastructure Investment Trust kicked off India’s third InvIT IPO on Thursday, aiming to raise up to Rp77.3bn ($1.03bn) in proceeds.
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PowerGrid Infrastructure Investment Trust has fixed the price band for its Rp77.3bn ($1.03bn) IPO, which is set to open later this week.
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Indian agrochemical company UPL Corp has received strong response for its sustainability-linked loan during general syndication, allowing it to increase the size to $750m.
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India’s Glenmark Life Sciences, a pharmaceutical ingredients maker, has filed draft paperwork for an IPO of new and existing shares.
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India’s Aditya Birla Sun Life Asset Management Company is gearing up for an IPO that will give its two promoter shareholders an opportunity to divest their positions in the firm.
