Fundraising floodgates swing wide open
This week promises to be a blockbuster for equity fundraising. Adani Enterprises’ ₹24,930 crore rights issue closes on Wednesday, Swiggy is expected to complete its ₹10,000 crore qualified institutional placement, and ICICI Prudential Asset Management’s ₹10,000 crore initial public offering will hit the market on Friday. “This is another endorsement of India’s deepening capital markets. A few years ago, it would have been hard to imagine multiple mega issues landing in the same week without straining secondary-market performance,” observed an investment banker.
Anchor row throws a wild card into the mix
Meesho’s anchor allocation dispute

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