State Bank of India SBI

The Indian government is seeking bookrunners for the divestment of shares in wholly-owned Cochin Shipyard via an IPO, issuing a request for proposals to banks on Thursday.

The Indian government is to sell down a 10% stake in oil and gas company Engineers India via an offer for sale on Friday and is hoping to net around Rp6.63bn ($97.69m) based on its market capitalisation.

A $250m loan for Fiat’s Indian arm has attracted large commitments from four lenders and is due to close soon.

IDBI Bank’s top management are doing the rounds with investors as they try to drum up interest for a Rp38bn ($561.3m) qualified institutional placement.

Tata Motors has allocated its $600m dual-tranche refinancing among a group of 36 banks. The company split the amount evenly between a five year and a seven year despite the longer tenor seeing a higher volume of commitments.

State Bank of India’s $500m loan has been allocated among 14 lenders, with signing scheduled for this week.

Birla Carbon and Fiat India have launched their respective dollar loans into syndication, with the former seeking $925m and the latter $250m.

A $500m financing for State Bank of India has launched into general syndication following a senior phase that saw three lenders come in.

A $500m five year loan for State Bank of India, which launched into senior syndication in August, has attracted three lenders at the top level.

India's Rural Electrification Corp, which sent out a request for proposals for a loan of $150m in September, has zeroed in on two lenders to supply the funds and doubled the size of its deal.

Tata Motors has launched a $600m dual-tranche refinancing into general syndication, with the borrower keeping the same top-level syndicate as the original fundraising.

Taiwanese company Quanta Computer is forming the mandated lead arranger and bookrunner group for a $400m loan, four months after one of its subsidiaries sealed a much larger borrowing.