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Quest Global Said to Pick Banks for $1 Billion India IPO

Bloomberg Markets Friday 14 August 2026, 06:45 UTC By Rajesh Mascarenhas and Baiju Kalesh 1 min read
Key Points

Quest Global Said to Pick Banks for $1 Billion India IPO Carlyle Group Inc.-backed Quest Global Services Pte has hired banks for an initial public offering in Mumbai that could raise as much as $1 billion, according to people familiar with the matter. The Singapore-based engineering services firm has appointed Axis Capital Ltd., Kotak Mahindra Capital Co., JM Financial Ltd., Morgan Stanley and Citigroup Inc. to advise on the share sale, the people said, asking not to be identified because...

Quest Global Said to Pick Banks for $1 Billion India IPO Carlyle Group Inc.-backed Quest Global Services Pte has hired banks for an initial public offering in Mumbai that could raise as much as $1 billion, according to people familiar with the matter. The Singapore-based engineering services firm has appointed Axis Capital Ltd., Kotak Mahindra Capital Co., JM Financial Ltd., Morgan Stanley and Citigroup Inc. to advise on the share sale, the people said, asking not to be identified because the discussions are private. The draft prospectus likely to be filed by December, people said. The proposed IPO is expected to comprise a mix of new shares and stock sold by existing investors, they added.
Quest Global (ORG) Pick Banks (ORG) India IPO Carlyle Group (ORG) Quest Global Services Pte (ORG) Mumbai (LOCATION) Singapore (LOCATION) Axis Capital Ltd. (ORG) Kotak Mahindra Capital Co. (ORG) JM Financial Ltd. (ORG) Morgan Stanley (ORG) Citigroup Inc. (ORG) IPO (ORG)
Originally published by Bloomberg Markets Read original →

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