Investors continue to pile into Indian offers

Three QIPs raise a combined $1.3 billion as the Sensex closes in on its all-time high.

While most investors appear to have lost their appetite for Chinese offerings, they are still happy to commit money in India where the local stock market closed only 11 points below its all-time high on Friday. The market also had no problem absorbing three qualified institutional placements, or QIPs, that raised a combined $1.3 billion towards the end of last week.

The largest of them was an offering by GMR Infrastructure which, thanks to the solid demand, was increased...

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