Investment bankers are set for their best year ever, collecting almost Rs 2600 crore ($347 million) in fees from local initial public offerings that have reached an all-time high in 2021. A little over 110 companies ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost Rs 1,348 crore ($18 billion), according to
By Anto Antony and Baiju Kalesh Allied Blenders & Distillers Pvt is considering an initial public offering that could raise as much as Rs 2,267 crore ($300 million) next year, according to people familiar with the situation.
Indian conglomerate Tata Group plans to reclaim ground in the beauty business it exited 23 years ago, with the local market for cosmetics forecast to be worth $20 billion by 2025.
By Suvashree Ghosh and Baiju Kalesh State Bank of India and Amundi Asset Management plan to offload a combined 10% stake in their Indian mutual fund joint venture, extending a record year for listings in the South Asian nation.