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IPO rush sets up India's equity market for another record year

Several high-profile companies and startups including Tata Capital, Hexaware, Ola Electric, and Swiggy are preparing for their public market debut in 2024-25.Investment bankers expect the IPO lineup in FY25 to be twice as many as in FY24, including some that are expected to exceed $1 billion

India
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Abhishek-joshi
Samir-bahl
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Niva-bupa
Amit-thawani
Prateek-indwar
Munish-aggarwal
Bloomberg
Aadhar-housing-finance-ltd
Dr-agarwals-eye-hospital-ltd

JM Financial's Amit Ramchandani likely to join Motilal Oswal as i-banking head

In a career spanning nearly 2 decades, Ramchandani has previously worked in investment banking roles at IDFC First Bank, ICICI Securities and SBI Capital

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Mahesh-natarajan
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Axis Bank investment banking arm Axis Capital's co-CEO steps down

Negandhi became the Co-CEO of the Axis Bank i-banking unit in 2018 along with his colleague Salil Pitale, after the unit s then CEO Dharmesh Mehta left the firm. Pitale will be the sole CEO of Axis Capital going ahead, sources said. Negandhi began his career as a lead analyst in 2005 at Enam Securities, which was acquired by Axis Bank in 2010 and renamed Axis Capital.

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Salil-pitale
Dharmesh-mehta
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Chirag-negandhi
Anupam-rasayan
Axis-bank
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Local firms step up heat on M&A front

Indian companies are increasingly acquiring local assets, often outbidding private equity firms, due to their strong balance sheets. This trend is expected to continue as Indian corporates seek to strengthen their portfolios, distribution capabilities, and technology platforms.

Sanghi
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Godrej-consumer-products-ltd
Glenmark-life-sciences-ltd
Cipla
Sheela-foam-ltd
Piramal-enterprises-ltd
Software-pvt

Nomura India Executive Chairman Vikas Sharma steps down

Vikas joined Nomura in 1999 in the Hong Kong office as part of Investment Banking. In 2007, he relocated to Mumbai to set up India business and become Country Head for India where he was responsible for building India franchise, according to a company memo.

India
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Amit-thawani

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