You are here: Home » Reuters » News
Business Standard

India IPO deals jump in H1, another $6 billion worth seen in the second half

Reuters  |  MUMBAI/HONG KONG 

By Devidutta Tripathy and Sumeet ChatterjeeMUMBAI/HONG KONG (Reuters) - A surge in first-half India IPO activity is likely to pale in comparison to the second half which could see over $6 billion in deals, banking sources said, with investors encouraged by a pick-up in economic growth and unfazed by Britain's vote to leave the European Union.Interest in Indian listings was strong even in the immediate wake of the British decision. Last week staffing firm Quess Corp saw its $60 million IPO oversubscribed 144 times while shares in city gas distributor Mahanagar Gas jumped 30 percent in their ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, July 04 2016. 17:02 IST
RECOMMENDED FOR YOU