Coal India's IPO lifts privatisation proceeds to record high

The country's largest ever IPO raises $3.46 billion and pushes the volume of government share sales year-to-date to $8.3 billion.

The completion of Coal India’s initial public offering earlier this week has pushed the volume of Indian government share sales this year to a record $8.3 billion, more than four times the $1.8 billion raised from two issues in 2009, data provided by Dealogic show.

And further sales are expected in the coming two months, including a further sell-down by the government in Power Grid Corp and an IPO of Manganese Ore India.
...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ipo | energy | privatisation | india | coal india

Print Edition

FinanceAsia Print Edition

EVENTS