AXIS bank

The Indian government has raised Rp40bn ($547.4m) from a sell-down of its stake in Axis Bank.

Punjab National Bank has raised Rp18bn ($246.1m) after issuing a block of new shares. The deal drew strong demand from a handful of foreign and domestic financial institutions.

Cement company Nuvoco Vistas Corp is planning a Rp50bn ($681.5m) listing, having filed draft IPO documents with the Indian regulator.

PowerGrid Infrastructure Investment Trust has wrapped up its Rp77.3bn ($1.05bn) IPO, giving a boost to the still nascent asset class in India.

PowerGrid Infrastructure Investment Trust kicked off India’s third InvIT IPO on Thursday, aiming to raise up to Rp77.3bn ($1.03bn) in proceeds.

PowerGrid Infrastructure Investment Trust has fixed the price band for its Rp77.3bn ($1.03bn) IPO, which is set to open later this week.

Airtel Africa, the UK telecommunication company providing services across Africa, has raised $500m from a range of international lenders. It becomes one of the latest Africa-based issuers to inject activity into the syndicated loan market.

Indian real estate company Macrotech Developers has kicked off bookbuilding for its up to Rp25.1bn ($338.2m) listing.

Indian auto components maker Craftsman Automation opened bookbuilding for its Rp8.2bn ($113.3m) IPO on Monday.

Macrotech Developers, an Indian real estate company that was called Lodha Developers until mid-2019, has revived plans for a listing under its new name, three years after its last attempt at an IPO.

Brookfield Asset Management has pulled off India’s third ever real estate investment trust IPO, raising Rp38bn ($521.7m) as strong demand covered the deal multiple times over.

PNB Housing Finance has expanded its funding avenues for a planned deal of up to Rp1.8bn ($246.6m) to include a qualified institutional placement.