Chris Thomas
Stories by Chris Thomas
Indian winemaker Sula’s IPO oversubscribed with bids worth $190m
Sula aims to raise a total of 9.6 billion rupees
India regulator fines MakeMyTrip, Goibibo & Oyo for anti-competitive practices
The Competition Commission of India has slapped a combined fine of $47m on the firms
Global market volatility likely to cast shadow on LIC’s listing debut
The debut performance will also set the mood for forthcoming issues
Axis Bank to buy Citi’s India consumer banking business for $1.6b
The sale is expected to close in the first half of next year.
India: Paytm’s Vijay Shekhar Sharma allays data leak fears after central bank raises concerns
The RBI last week barred Paytm Payments Bank from taking on new customers.
India’s HDFC Life Insurance to acquire Exide Life for $915m
The deal will help HDFC Life, the country's largest private-sector insurer, strengthen its foothold in south India.
Barclays to pump in more than $400m in India investment banking arm
This is Barclays's single largest capital infusion in the Indian business in the last three decades.
India: Bain-backed Emcure Pharmaceuticals eyes $672m IPO
Emcure is the latest Indian company to tap capital markets this year in a fund-raising frenzy driven by abundant liquidity and record-high stock mark
DBS faces potential culture clash as it scoops up distressed Indian lender
LVB, facing mounting bad loans, is set to be folded into DBS’s Indian subsidiary.
India’s Axis Bank cuts stake purchase in insurer Max Life to 17%
It had initially planned to raise its stake in the insurer to 30% for about 15.90 billion rupees.
