Max India raises $240 million from QIP

The insurance and healthcare provider prices the fully marketed deal just below the mid-point of the range.

Indian insurance and healthcare provider Max India has raised Rs10 billion about $240 million from a qualified institutional placement QIP, which marks the companyƆs first foray into the international capital markets since it listed in 1989.

The CLSA-led offering is the second largest QIP by an Indian issuer since new regulations were put in place in the first half of last year to make these types of transactions possible. According to bankers, it is also the largest equity...

To continue reading, please login or register for free

Click for more on: placement | qip | insurance | healthcare | clsa | warburg pincus

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...