The offering, India’s largest follow-on share sale, was fully subscribed on the final day, aided by a last minute surge in demand from institutional investors.
Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation and is playing catch up with its global peers.
MUMBAI: India’s move to privatise flag carrier Air India Ltd (pic) in its first big-ticket sale in almost two decades promises to further boost the appeal of the nation’s booming equity market just when China is intensifying its crackdown on private firms.