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India’s $10 Billion Equity Rush Puts August on Track for Record

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India’s $10 Billion Equity Rush Puts August on Track for Record India’s equity capital market is heading for its best month on record, bucking a lackluster stock market as ample domestic liquidity continues to fuel demand for new shares. Almost $10 billion of deals have been priced in August, led by the government’s blockbuster $3.2 billion sale of shares in Life Insurance Corp. of India. Manipal Health Enterprises Ltd.’s $958 million initial public offering, alongside a flurry of block...

India’s $10 Billion Equity Rush Puts August on Track for Record India’s equity capital market is heading for its best month on record, bucking a lackluster stock market as ample domestic liquidity continues to fuel demand for new shares. Almost $10 billion of deals have been priced in August, led by the government’s blockbuster $3.2 billion sale of shares in Life Insurance Corp. of India. Manipal Health Enterprises Ltd.’s $958 million initial public offering, alongside a flurry of block trades and institutional placements, boosted the tally.
India (LOCATION) Track for Record (ORG) Life Insurance Corp. of India (ORG) Manipal Health Enterprises Ltd.’s (ORG)
Originally published by Bloomberg Markets Read original →