Adani Enterprise US$2.4bn Raising Early Look - Lots to Think About: Controversies, Debt, Grand Plans
Adani Enterprises (ADE IN) is looking to raise INR200bn (US$2.4bn) via a further public offering. The company has obtained board approval and is...
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Star Health IPO Lockup - Owned by Financial Investors, US$3.0bn Worth Shares Are Well in the Money
In Dec 2021, Star Health (STARHEAL IN) (SHAI), the largest private health and retail health insurance company in India, raised around US$851m in...
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Five-Star Business IPO Trading - One of the Best Anchor Books but Worst Overall Demand
Five Star Business Finance raised around US$190m in its India IPO. In this note, we talk about the deal demand and trading dynamics.
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Indian Banks Screener to September-End 2022: Credit Delinquency in Check, for Now
Strong macro and easy credit conditions have supported Indian banks' returns, yet India's macro prospects may be close to peaking; we are negative...
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Axis Bank Placement - Second Deal for the Month but This Is Very Well Flagged
The Government of India (GoI) aims to raise around US$500m via selling a 1.4% stake in Axis Bank Ltd (AXSB IN). This isn't the first selldown by...
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