India

India’s Tata Motors is seeking an up to $250m loan to buy back bonds that are due in 2020.

Indiabulls Housing Finance has made a quick return to the loan syndications market for a $200m borrowing.

Singapore Exchange suffered an unfavourable twist in its Indian futures saga this week, when the Bombay High Court granted an injunction on new derivatives contracts that it had planned to launch next week. But one exchange’s misfortune might be a large asset manager’s opportunity.

UBS has hired senior investment banker Ranjan Sharma as head of equity capital markets for India, according to a source familiar with the matter.

State Bank of India has launched a new $750m three year borrowing into general syndication, about two months after mandating banks to run the transaction.

A flurry of changes have taken place in Credit Suisse’s Asia Pacific operations.

Credit Suisse has appointed Aditya Goenka as head of Asia Pacific financing group (AFG) for India, effective immediately, according to a memo seen by GlobalCapital Asia.

Auto components maker Sansera Engineering has mandated four firms to lead its India IPO, which could raise up to Rp15bn ($219.9m), according to a banker on the deal.

Investment banks pitching for a potential Rp15bn ($220.2m) IPO by Sansera Engineering are set to hear back from the firm this week, according to a banker vying for the mandate.

Four bankers in Credit Suisse’s Asia Pacific loan syndications and financing group left the firm this month, according to sources close to the situation.

India’s latest infrastructure investment trust listing, or InvIT, was a success by most accounts, raising Rp32bn ($484m) for IndInfravit Trust. But the lack of liquidity in the secondary market has exposed it as a hollow victory. More needs to be done if the asset class is to become a viable fundraising tool.

Indian company TVS Logistics Services wants to increase a loan that it launched in November.