India goes QIP crazy

Five placements are launched in India overnight, taking advantage of a window of opportunity created by UnitechÆs deal on Friday.

There was nothing exceptional about the performance of India's Sensex benchmark index yesterday -- it closed up only 0.14% -- but that didn't stop five companies from launching qualified institutional placements QIPs. Together, the deals could raise as much as $1.15 billion.

One source said the success of Unitech's $575 million placement on Friday gave other companies a window of opportunity to launch their own deals. Big deals beget more deals, as one source put it. 


To continue reading, please login or register for free

Click for more on: placement | qip | morgan stanley | jp morgan | deutsche bank

Print Edition

FinanceAsia Print Edition