Indian blocks light up equity markets

Recent government divestments and secondary share sales have created some momentum for India’s equity capital markets, although total deal volume is still far from last year.

Indian blocks light up equity markets

India has become one of the bright spots in the relatively slow Asia equity capital markets since late February following the completion of four block trades within a period of three weeks.

The latest deals to hit the market are the Indian government’s divestment of a 5% stake in Container Corporation of India Concor and a selldown of shares in Bangalore-based technology consulting company Infosys by two of its co-founders. Both deals were completed on...

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