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Citigroup sets India as high priority market amid rising China risks

The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere

Photo: Bloomberg
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Photo: Bloomberg

Cathy Chan and Baiju Kalesh | Bloomberg
Citigroup Inc. is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank’s global co-head of investment banking said.

India presents “very clear” opportunities, said Manolo Falco, the global co-head of Banking, Capital markets and Advisory, in an interview in Mumbai. The New York-based lender expects initial public offerings in India to pick up next year as well as inbound deals in renewable energy and infrastructure, he said.

The world’s second-most populous country is gaining traction among Wall Street dealmakers in part as growing political tension casts a

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First Published: Sep 23 2022 | 7:43 AM IST

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