India

The Indian government is looking for banks to help offload its stakes in Rashtriya Chemicals & Fertilizers and rival National Fertilizers, sending out two requests for proposals for the divestments.

Shriram Properties is gunning for an IPO of about Rp8bn ($117.3m) in India. The company announced its plans as fellow real estate company Macrotech Developers sealed its deal at the top of the price range.

Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing.

ReNew Power, a regular issuer from India's renewable energy sector, raised $585m this week from another green bond – and another complex structure.

IDFC First Bank raised Rp30bn ($409m) this week from a larger than expected sale of primary shares.

Shriram Transport Finance Co caught an opportune time to print a $225m tap of a bond on Thursday, with the response to its deal reflecting investor preference for strong Indian credits.

Indian companies have churned out listings rapidly, giving the country’s IPO market its busiest start to the year in more than a decade. The volume has so far been driven by small deals, but large transactions are now looming. Jonathan Breen reports.

Greenko Energy Holdings took $940m from an amortising green bond on Monday, adding to the recent spurt in sustainable issuance from India.

Delhi International Airport (Dial) had to pay a hefty premium for its $450m green bond amid investor concerns about market volatility and the state of the travel industry.

Indian renewables company Hero Future Energies Asia made its debut in the dollar market on Thursday with a $363m green bond.

India’s Adani Green Energy has raised a $1.35bn green loan to support the construction of projects under its renewable portfolio.

US private equity firm Carlyle has raised Rp39bn ($540m) after offloading a block of shares in SBI Cards and Payment Services, according to a source close to the deal.