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Delegates from Asia's financial industry had the opportunity to hear the latest from the London Stock Exchange Group at its Greater China Conference in Hong Kong on June 29.

But for now feasibility studies are pressing ahead.

The Chinese sportswear manufacturer is close to completing its IPO on the London AIM market, in a deal driven by the queues of companies looking to list in Hong Kong and China.

Despite the price reduction, the Indian company raises $1.95 billion in the largest London listing since December 2007.

The $2.5 billion IPO will offer investors exposure to India's fast-growing power sector as well as to the country's oil and gas industry.

With businesses in the power and oil and gas sectors, Essar Energy's planned $2.5 billion IPO offers international investors widespread exposure to the Indian growth story.