India's PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week, underpinning a surge in first-time share sales in Asia's third-largest economy. Indian companies have raised $2.9 billion through IPOs in the first nine months of this year, a 171 per cent jump from a year earlier and the best run since 2010, according to data compiled by Thomson Reuters. PNB Housing Finance Ltd, the fifth-largest mortgage lender by assets in India, is selling new shares to raise up to 30 billion ...
PNB Housing Finance and Varun Beverages join Indian IPO boom
Indian companies have raised $2.9 billion through IPOs in the first nine months of this year