South Asia
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Two private equity-backed firms in India have filed for IPOs to raise around Rp16bn ($239m), with Continental Warehousing Corp and Prataap Snacks submitting their applications to the regulator. -
Sri Lankan commercial lender Sampath Bank has wrapped up its latest fundraising at $100m, fully using a $50m greenshoe on the back of demand from Middle Eastern and Indian lenders.
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Azure Power Global has rejigged the terms on its $78.4m New York Stock Exchange IPO midway through bookbuilding, halving the shares on offer to make way for the entry of a Canadian institutional investor.
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Seven banks subscribed to a $297m loan for Blackstone’s acquisition of Indian fintech firm Mphasis during general syndication. The deal was initially conceived as a $405m facility but the amount was reduced after an open offer.
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The Securities & Exchange Commission of Pakistan (SECP) said the country’s stock exchange will complete a 40% sale this year, but declined to confirm if the Shanghai bourse was eyeing the stake.
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Renewable energy is at the very top of Premier Modi’s agenda. Finding the finance to match his ambition will be tough though
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Pakistan has seen a visible economic turnaround over the last three years, due to the successful implementation of a comprehensive programme of economic revival to enhance economic growth and achieve sustainable development.
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Debut issuer Jubilant Pharma ventured out to the international bond market on September 29, netting $300m from its first dollar-denominated transaction.
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The names of banks backing Indian firm Intas Pharmaceutical’s bid for the UK and Ireland assets of Teva Pharmaceutical Industries have emerged.
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Endurance Technologies is set to raise Rp11.6bn ($173.4m) after unveiling the price range for its India IPO, which launches on Wednesday.
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The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.
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An overnight share sale in India’s Kotak Mahindra Bank fetched Rp36.5bn ($545.6m) for ING Groep on Thursday, with the trade feted as one of the largest blocks in the country to price at a 0% discount.
