kotak mahindra

The offer is 1.7 times subscribed with the lowest accepted bid coming at a 4.1% discount to the previous close. Meanwhile, the Indian government confirms it raised $590 million from the Oil India sale last week.

The offer for sale was about 2.6 times covered and the lowest clearing price equalled a 3.7% discount to the previous day’s close.

The government has set a floor price of Rs510 for today’s sale of a 10% stake in the oil and gas producer, implying a deal size of at least $574 million.

The deal, which is the first to be completed under the new IPP structure, prices at the bottom for a 7.3% discount.

The Indian steel manufacturer will offer new shares at a 2% to 4.6% discount versus Friday's closing price, allowing it to raise up to $766 million.

The government-owned coal producer attracts demand for one-third of the up to $3.46 billion offering on day one.

Nomura poaches Indraneil Borkakoty from Kotak to head equity capital markets for India.

The Indian port operator raises $107 million after fixing the price above the mid-point.

We are pleased to announce the winners of this year's Private Bank Country Awards for Achievement.