Both the chief executive and chief operating officer resign from Japan's leading investment bank amid an insider trading scandal.
The deal is done at a 6.4% discount as the private equity firm sells its 7.8% stake and exits the company.
The trade comes as the Indian stock market enjoys a recovery, with investors accepting a tight discount in exchange for a very liquid stock.
Despite making losses at home, China's securities firms are seeking international expansion.
The deal, which will open for subscription on September 7, will be the second part-privatisation by the Indian government this year, after NHPC's popular $1.25 billion IPO earlier this month.
Speaking at the CLSA conference in Hong Kong, bearish Dr Marc Faber refrains from saying æI told you soÆ, and remains pessimistic about the global outlook for markets and economies.
Financial deepening, a strong macro-economic environment and diversified trade are making the region more resilient.
JPMorgan and Nomura pull off an unlikely coup as Sony's insurance unit raises $3 billion in a deal that could stimulate JapanÆs stagnant IPO market.
Business risks for semiconductor companies remain low, but increasing LBO activity and higher leverage in the sector could place downward pressure on ratings.
On the back of a huge order book, UBS prices Lippo Bank's lower tier-2 deal inside of initial guidance.
Deutsche Bank and Merrill Lynch price an upsized deal for India's second largest lender inside its own curve.
The deal is upsized and prices at the tight end of initial guidance.
Merrill Lynch readies a new bond transaction for Krung Thai Bank less than two weeks after withdrawing an earlier deal following Thailand's coup.
The Thai bank makes the unprecedented decision to revoke its two-day old bond deal.
Pricing only hours before the military coup, Krung Thai's tier-1 bond finds itself in an unprecedented position.
Bank of India taps the international bank capital market in preparation for the impending arrival of Basel II.
The Korean bank brings its first deal since winning the LG Card bid and becomes the first Asian bank to have multiple tier-1 transactions in the market.
Barclays, BNP Paribas and Deutsche close most recent Korean bank capital transaction.
With the global markets gathering momentum after a summer of lull, Woori Bank prices its newest FRN at the tight end of revised guidance.
JPMorgan, Merrill Lynch and Morgan Stanley price ICICI's bank capital deal inside of initial guidance.