ICICI

Indian microloan provider Spandana Sphoorty Financial kicked off a two-day bookbuilding for its up to Rp12.01bn ($169.9m) IPO on Monday morning.

Mobile phone technology company Affle (India) has set the terms for its IPO, set to launch next week, according to a source close to the deal.

India’s securities regulator has given the greenlight for Sterling and Wilson Solar’s IPO, which could raise up to Rp45bn ($655m).

Indian conglomerate Larsen and Toubro is selling-down a batch of shares in subsidiary L&T Technology Services and is looking to raise at least Rp6.65bn ($96.2m).

The Securities & Exchange Board of India (Sebi) dealt a fresh blow to India’s National Stock Exchange’s long-delayed IPO plans this week.

Sterling and Wilson Solar, the solar power business of Indian conglomerate Shapoorji Pallonji Group, is eyeing a listing of up to Rp45bn ($648m), having filed a draft prospectus this week.

British life insurer and asset manager Prudential Corp Holdings is offloading a chunk of shares in its Indian joint venture ICICI Prudential Life Insurance Co and is looking to bag at least Rp11.2bn ($162.6m).

The Indian government is offloading 50.76m shares in Axis Bank through an offer-for-sale, trimming its stake in the private sector lender as the end of the financial year looms.

Srei Infrastructure Finance has mothballed a plan to float its subsidiary Srei Equipment Finance as risk-off sentiment drives valuations down in India’s IPO market.

The Indian government sold a 3.18% stake in Coal India on Thursday, adding Rp52.7bn ($722.9m) to its coffers.

Wire and cable manufacturer Polycab India is planning an IPO of new and existing stock, as backer International Finance Corp looks to cash in part of its stake.

The Indian government has hit the market with a mammoth block sale of up to Rp148.6bn ($2bn) in Coal India, as the state looks to add some much-needed weight to its 2018/19 divestment target.