South Asia

The impasse at Bandhan Bank looks set to be resolved after the Indian markets regulator waived its lock-up requirement for newly-listed firms, allowing the lender to comply with central bank demands for it to sell shares.

India’s Emami Cement is planning an IPO that could raise up to Rp10bn ($135.3m), having filed a draft prospectus with the country’s securities regulator.

A chill wind is blowing through the Indian equity markets that is likely to spill over into next year, as the combination of national elections and a liquidity crunch puts investors off primary offerings. John Loh writes.

Sri Lanka’s Nations Trust Bank (NTB) has raised a $50m five year loan arranged by Dutch development bank FMO.

The Islamic Republic of Pakistan’s outstanding dollar bonds received a boost on Tuesday after the country turned to the IMF for assistance. Addison Gong reports.

ASK Investment Managers and microfinance lender Muthoot Microfin have won listing approval from India’s market regulator.

Azure Power Global, the Indian solar energy producer, raised $185m from a follow-on offering after its Canadian shareholder stepped in to buy more shares than expected.

The Asian loan market suffered a drop in volume in the third quarter, with bankers blaming a lack of event-driven deals, a deprecating renminbi and trade tensions for the fall. But all hope is not lost just yet, with a turnaround coming, writes Pan Yue.

India’s banking sector has been shaken by a trio of unfortunate events, but they are unlikely to inflict any lasting damage on capital markets, say bankers.

India’s UPL Corp has launched a $3bn five year term loan into general syndication to support its acquisition of Arysta LifeScience.

Global volatility has caused Sri Lanka’s Sampath Bank to postpone its proposed subordinated dollar bond issue, it said on Tuesday.

Metropolis Healthcare has filed a draft red herring prospectus for an IPO with the Indian markets regulator, more than two years after it first hired banks for the deal.