South Asia

Deutsche Bank’s head of equity capital markets in India has resigned, according to a source familiar with the matter.

Automotive components manufacturer Varroc Engineering has fixed the price guidance for its upcoming India IPO, which could be worth as much as Rp19.6bn ($287.2m).

Singapore Exchange (SGX) has been allowed temporarily to continue listing its Nifty derivatives as it fights a legal battle with the National Stock Exchange of India (NSE) over replacement products.

Non-bank lender Hinduja Leyland Finance is making a second attempt at listing in India, some two years after it first filed a draft prospectus.

A sell down in India’s ICICI Prudential Life Insurance by its parent, worth up to Rp11.2bn ($164.8m), has been warmly embraced by institutional investors.

Companies in both China and India have to find their way through regulatory labyrinths to gain approval to sell offshore bonds. But although both countries have overbearing, occasionally irrational, regulators, they differ in one key respect.

India’s HDFC Bank and Yes Bank won approval this week to go ahead with their billion-dollar fundraising plans. A number of methods are on the table, including qualified institutional placements (QIPs).

The pipeline of Indian loans is building up, with Housing Development Finance Corp and Kotak Mahindra Bank seeking new fundraisings.

India’s markets regulator signalled this week that it may overturn a ban on local firms listing directly on offshore stock exchanges, in a move that could have far-reaching implications for fundraising. But a litany of issues stand in the way of reform, warn market participants. John Loh reports.

Indian lender Yes Bank has won approval from shareholders to raise up to $1bn in fresh capital through a variety of methods, including a qualified institutional placement (QIP).

The Securities and Exchange Board of India has convened a high-powered group of financial markets experts as it considers overhauling a ban on the country's companies listing offshore.

Indian private sector bank Kotak Mahindra Bank is seeking a $100m offshore loan through sole mandated lead arranger and bookrunner Sumitomo Mitsui Banking Corp.