South Asia

CreditAccess Grameen is poised to raise Rp11bn ($165m) from its IPO in India, which will kick off next Wednesday.

The Indian government is looking to hire three banks to work on a stake sale in defence-focused Bharat Electronics.

India’s HDFC Bank has launched bookbuilding for a qualified institutional placement (QIP) of common stock and a fresh offering of American Depository Receipts (ADRs), with a view to raise up to Rp155bn ($2.26bn).

HSBC has named Surendra Rosha as chief executive officer for its India operations, replacing Jayant Rikhye who is on a leave of absence for medical reasons.

HDFC Asset Management Co is set to raise Rp28bn ($407.5m) from its IPO after a vast show of demand from institutions and non-institutional investors, according to a source close to the deal.

HDFC Bank is planning to raise up to Rp155bn ($2.26bn) through a qualified institutional placement (QIP), or a handful of other methods, according to a stock exchange filing on Thursday evening.

Reliance Industries has made a quick return to the offshore loan market with a $2.7bn refinancing deal, having picked 17 banks to act as mandated lead arrangers and bookrunners.

Chitresh Mody has left his job as head of capital markets at JM Financial to start his own fund, sources close to the matter said.

Apparel maker TCNS Clothing is set to price its Rp11.24bn ($163.5m) IPO at the top of guidance, almost entirely thanks to institutional investor demand, according to a source close to the deal.

Neeraj Gambhir has left his position as Nomura's head of fixed income for India.

Aakash Educational Services is seeking approval to float for Rp12bn ($173.9m), filing a draft IPO prospectus with the country’s market regulator on Thursday.

Debt syndicate head exits ANZ – Malhotra named India IB, ECM chief at HSBC – ICBC International appoints syndications head – HSBCBS fined for bond sale breaches