The CLSA-led offering is the second largest QIP by an Indian issuer since new regulations were put in place in the first half of last year to make these types of transactions possible. According to bankers, it is also the largest equity transaction completed with a sole bookrunner in India in the past five years, making the deal something of a coup for CLSA.
The price was fixed at Rs240, or just below the mid-point of...
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