South Asia

India’s securities regulator has given the greenlight for Sterling and Wilson Solar’s IPO, which could raise up to Rp45bn ($655m).

India has proposed increasing the public holding of each stock from 25% to 35% of the total outstanding shares.

India is planning to sell foreign currency bonds for the first time, in a move that has excited capital markets participants and raised debate about the deal’s timing and pricing.

India’s Tata Sponge Iron, a subsidiary of multinational Tata Steel, has opened books for a Rp16.5bn ($240m) rights share offering.

India’s securities watchdog has approved the issuance of shares that carry weighted-voting rights, allowing for a company’s shareholders to have different voting powers.

BNP Paribas Cardif raised Rp16.88bn ($243.81m) after hiving off a 2.5% stake in SBI Life Insurance.

Country Garden seeks second borrowing in six months – UAF taps two banks for HK$1.6bn – Deutsche arranges $190m for Shangshi – Pakistan sovereign deal open – Malakoff woos banks to refi – IRFC pulls into Samurai market

Investors embraced the duration offered by Adani Ports and Special Economic Zone this week, snapping up its $750m trade and pushing the order book to a hefty peak of $4.5bn.

Indian real estate developer Godrej Properties has added Rp21bn ($302m) to its coffers after pricing a share placement at the top of the range.

BNP Paribas Cardif began a two-day sale of 25m shares in India’s SBI Life Insurance on Tuesday morning, eyeing proceeds of around Rp16.25bn ($234m).

The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.

Ujjivan Small Finance Bank has hired three banks for its IPO, which is expected to raise around Rp10bn ($144.2m), according to a banker on the deal.