(Bloomberg) -- India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper...
-- India has turned into Asia’s hottest market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy.Here Are the Latest Verified Results From South Africa’s Election
“This kind of breadth of companies coming to the market is phenomenal,” V Jayasankar, a managing director and member of the board at Kotak Mahindra Capital Co. “Companies from all sectors are filing for IPOs and this is for the first time in my more than three decade career that I am seeing this level of robustness.”
With the end of elections lifting any potential uncertainty around policy, companies are poised to seize on India’s strong prospects and capitalize on the window of opportunity. Indian supermarket chain Vishal Mega Mart Pvt. and electric-scooter maker Ather Energy Pvt have picked banks as they press ahead with their planned initial public offerings in Mumbai this year, people familiar with the matter have said. Even India-backed listings outside the country are moving forward, with aluminum producer Novelis Inc., owned by billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd., seeking to raise as much as $945 million in a US IPO that’s set to price next week.
Carlyle Group Inc. is considering a listing of Indian IT company Hexaware Technologies Ltd., while Hillhouse Investment is considering options including a share sale for the Indian unit of Versuni Group BV, formerly Philips Domestic Appliances. Why I Can’t Stop Buying Shares of This Magnificent High-Yield Dividend Stock in My Retirement Account
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