India

India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.

India’s Adani Ports and Special Economic Zone (APSEZ) and French oil and gas company Total are jointly raising a $600m loan for a gas project in the south Asian country. Eight banks have already formed the senior lending group, with the leads now seeking commitments in general.

After more than two decades with Goldman Sachs, India co-chief executive officer Vijay Karnani is set to retire at the end of the year, according to a memo seen by GlobalCapital Asia.

State Bank of India is looking to raise about Rp80bn ($1.1bn) by selling a minority stake in SBI Cards’ planned jumbo IPO, according to a banker on the mandate.

Baring Private Equity Asia is seeking a $265m loan to support its acquisition of India’s CitiusTech.

Bajaj Finance, an Indian non-banking financial company, raised Rp84.6bn ($1.2bn) this week from an equity placement that defied the challenges facing the sector. But bankers warn that the deal’s success does not indicate a change in sentiment towards the woe-ridden industry just yet, writes Rashmi Kumar.

Bajaj Finance, an Indian non-bank financial company, raised Rp84.6bn ($1.2bn) this week, closing a qualified institutional placement that defied the challenges facing the sector.

Bajaj Finance, an Indian non-banking financial company, has launched its debut offshore borrowing of $575m-equivalent into general syndication.

Burger King India has filed for an IPO that will raise up to Rp4bn ($57m) in primary proceeds as the fast-food chain looks to expand in the country.

JP Morgan has bolstered coverage of India’s mid-cap companies, making three new hires to its commercial banking team in the country.

State Street Corp has appointed Sri Pools as head of India, according to a press release on Monday.

The $166.3m loan to support Blackstone Group’s Essel Propack acquisition has been oversubscribed, with 10 participants joining during general syndication.