Devidutta Tripathy
Stories by Devidutta Tripathy
HDFC Bank launches up to $2.26b share sale in US and India
With its focus on retail clients and a lower bad-loan ratio, HDFC Bank is an investor favourite at a time when India's banking sector has been plagued
LIC board approves raising stake in state-run IDBI Bank to 51%
The additional stake buy would be most likely through a preferential shares issue.
TPG-Manipal bid for India’s Fortis said to face investor objections
Two major investors in Fortis Healthcare plan to vote against a Manipal Hospitals-led consortium if that group is selected as the winning bidder.
India: UltraTech claims select Binani creditors back its $1.1b bid
UltraTech's move will be a test case for India's fledgling bankruptcy process, which typically does not allow talks between a firm that is being pursu
India: Bandhan Bank’s $690m IPO subscribed 15 times on strong debut
Bandhan's IPO is the biggest for the Indian market so far this year, after a record $11 billion in fund-raising from initial share sales in 2017.
India: Punjab National Bank launches $466m QIP
Punjab National Bank is looking to sell the shares at an indicative price of Rs168 each.
India: Edelweiss launches up to $307m share sale to institutions
The funds raised will be used to fund growth and expansion, and to boost capital ratios.
India: Axis Bank to raise $1.8b from Bain Capital, LIC, others
The capital raising comes after the lender saw its bad loans surge in the second quarter to Sept. 30 after a central bank audit.
HDFC Life’s $1.3b Indian IPO nearly five times subscribed
This was the fourth billion dollar-plus IPO in India this year.
Qatari investor sells 5% in India’s Bharti Airtel for $1.5b
QFE will reinvest the proceeds from Bharti Airtel stake sale as part of growth of its global portfolio and diversification.
