Business & Finance
India’s $10 Billion Equity Rush Puts August on Track for Record
Key Points
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.