ICICI

ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.

India’s Aster DM Healthcare could become the next in a stream of healthcare IPOs in the country as it spies a listing that could raise up to Rp20bn ($294.3m).

Seven banks are set to pitch for lead roles in the Indian government’s sell-down of Oil India, which could add Rp19.7bn ($291.7m) to the state’s coffers based on the company’s market capitalisation.

India’s Mahanagar Gas has finalised the marketing range for its Rp10.4bn ($154.7m) IPO that is set to launch later this month, according to a source with direct knowledge of the deal.

The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.

Asia’s oldest bourse, the Bombay Stock Exchange, is planning to sell 30% of its share capital in an IPO by the end of the financial year, according to a notice to shareholders.

Securities and Intelligence Services India has picked a group of four domestic firms to lead its Rp10bn ($150m) listing, according to sources.

Indian green power producer ReNew Power Ventures has set in motion plans for an IPO, sending out a request for proposals to lead the deal, according to a source that received the RFP.

The Indian government has shortlisted firms to pitch for leading roles on its sell-downs of National Fertilisers and Rashtriya Chemicals & Fertilisers, according to a notice on the Department of Divestment website.

The Indian government has shortlisted five banks to pitch for lead roles in its sell-down of iron ore miner NMDC, in a deal that could raise Rp35.6bn ($527.5m) based on its market capitalisation, according to a notice from the Department of Disinvestment on Thursday.

British motor oil and lubricant producer Castrol has raised Rp20.8bn ($309m) after selling a block of shares in its subsidiary Castrol India.

Indian pharmaceutical firm Laurus Labs is planning a Rp10bn ($148.7m) IPO this year and has lined up three banks to lead it, according to a source close to the deal.