India

Dubai healthcare group Aster DM Healthcare has signed a $295m facility with banks from the UAE and India despite its expansion plans in scandal-hit Qatar casting some concerns over the syndication.

Indian animal feed and agribusiness company Godrej Agrovet, which counts Singapore's wealth fund Temasek Holdings among its backers, plans to launch its Rp11.65bn ($178.6m) IPO on October 4.

Indian Renewable Energy Development Agency (Ireda) launched its long anticipated green Masala bond on Thursday, just days after the country’s regulators re-opened the tap for offshore rupee issuance.

Edelweiss Financial Services' board has approved a fundraising of up to Rp20bn ($306m), as India's mid-sized banks and brokers look to ride a buoyant equity market.

Market participants have lauded India’s latest efforts to encourage bond and equity issuance from real estate and infrastructure trusts, but they should curb their enthusiasm. What the sector really needs is not looser regulation, but a fundamental shift in investor thinking — which may be the hardest challenge of all.

The Reserve Bank of India (RBI) has given the country's banks permission to invest in real estate and infrastructure investment trusts.

Indian animal feed and agribusiness company Godrej Agrovet plans to bring a Rp11.65bn ($178.6m) IPO to the market on October 4, with the deal to feature both new and secondary stock.

In a fillip to the Masala bond market, Reserve Bank of India is excluding offshore rupee-denominated bonds from the investment limits in corporate debt for foreign portfolio investors, effective October 3.

Anil Agarwal, founder of mining group Vedanta Resources, has managed to surprise the stockmarket with the same trick twice. But as Jon Hay and Aidan Gregory write, his intentions in buying another £1.5bn of shares in Anglo American are anything but clear, and he is paying a high price for influence.

India’s real estate and infrastructure investment trusts have been approved to issue bonds, in the latest move to ease the funding crunch for issuers.

ICICI Lombard General Insurance Co has priced its Rp57bn ($884m) IPO at the top of the range, after strong institutional investor support made books nearly three times subscribed.

Bharat Petroleum Corp’s offshore unit launched a $400m dual-tranche term loan into general syndication on Tuesday evening.