Funds raised by Indian companies from IPOs surged over 12x to $2.3b in Q1 2024

Funds raised by Indian companies from IPOs surged over 12x to $2.3b in Q1 2024

FILE PHOTO: A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo

India’s bulging pipeline of large block trades and listings such as the $3 billion IPO of Hyundai Motor’s unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter