India

Vedanta Resources sold a $1bn bond this week, easing mounting concerns about its debt repayment abilities. The metal and mining company’s return was not easy, as it had to concede to a number of investor-friendly terms. Morgan Davis reports.

Can we just forget 2020 ever happened? Perhaps we should get our vaccines first. An entrepreneurial travel company is offering to help those of us at the back of the queue.

Indian data analytics firm Mu Sigma has closed its $95m refinancing loan after receiving commitments from three more banks during syndication.

Indian public sector lender Canara Bank has raised Rp20bn ($271.8m) from the sale of a chunk of primary shares, according to a banker close to the deal.

Burger King India is set to launch its Rp8.2bn ($110.5m) IPO this week, after having delayed the deal when the Covid-19 pandemic shut down the country’s markets in March.

India's TML Holdings used its ties to parent company Tata Motors to appeal to investors in a $300m bond sale on Thursday.

Indian conglomerate Reliance Industries is in talks with banks for its fourth loan this year.

Bonds from India’s Future Retail rallied in the secondary market this week, after Reliance Industries got approval to buy the struggling business.

India’s securities regulator has proposed slashing the minimum required share offering of large IPOs, helping the country’s biggest companies comply with listing rules.

Lakshmi Vilas Bank is set to merge with DBS Bank’s operations in India, under a central bank plan to save the cash-strapped local lender.

Blackstone is working on the financing for a potential acquisition of India’s Piramal Glass. Although the deal is still in its early stages, international banks are facing competition from cheap onshore liquidity. Pan Yue reports.

Gland Pharma has completed India’s largest pharmaceutical IPO, a Rp65bn ($870.6m) deal that sailed through on demand from institutional accounts. But the issuer’s Chinese ties and a wobble in pharma stocks blunted retail investor interest. Jonathan Breen reports.