India: Healthcare scrips Alkem, Dr Lal Pathlabs list at robust premium on debut

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Shares of healthcare firms Alkem Laboratories Ltd and Dr Lal Pathlabs Ltd, opened 31.43% and 30.4% higher from their respective issue price of Rs.1,050 and Rs.550 per share, following their successful initial public offering (IPO) earlier this month. Shares of Alkem Lab opened at Rs.1,380 and touched a high ofRs.1,401.40… Read more »

Vietnam: State divests 52.4% in Kim Lien Tourism; ACV stake generates investor interest

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There seems to be a growing interest amongst private investors to invest in strategic stakes in major state-owned firms. A single investor  purchased the entire holding of the state (52.4 per cent) in Kim Lien Tourism JSC, through a public auction, spending over VND1 trillion ($44.4 million). Meanwhile, several Vietnamese and foreign… Read more »


India: ONGC to convert loans to OVL into equity

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State-owned explorer Oil and Natural Gas Corp. (ONGC) will convert Rs.5,000 crore of existing loans to its overseas arm ONGC Videsh Ltd into equity in order to expand the capital intensive exploration and production business abroad including by acquisition of oil and gas assets. The decision of the Cabinet Committee on… Read more »


India: MFI Janalakshmi rules out IPO in near term; to rejig structure to meet RBI small bank norms

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Microfinance firm Janalakshmi Financial Services Ltd, which received an initial approval to become a small bank from the Reserve Bank of India (RBI) in September, is not planning an initial public offering (IPO) immediately to reduce foreign shareholding in the company. The company will be restructuring itself to create a… Read more »


SG Dealbook: Chasen considers spinoff of China units; Ley Choon relisting on Catalist rejected by SGX

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In more market related developments in Singapore, Chasen Holdings is considering a spinoff of its units in China, Singapore Exchange (SGX) has rejected Ley Choon Group Holdings’ application for a proposed transfer of their listing from the SGX Mainboard to the  Catalist secondary board. Chasen considering partial corporate spinoff of China… Read more »


Singapore: GS Holdings lodges prelim Catalist IPO offer

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GS Holdings Limited, a centralised commercial dishware washing company, has lodged its preliminary offer document for its proposed listing on the Catalist board of the Singapore Exchange (SGX). UOB Kay Hian is the issue manager, sponsor and placement agent for the proposed listing. GS specialises in providing end-to-end cleaning services – particularly… Read more »


India: RBL Bank raises $74m from ADB, UK’s CDC ahead of IPO

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RBL Bank Ltd, which filed for an initial public offering (IPO) earlier this year, on Monday said it has raised Rs.488 crore through a pre-IPO round of fund-raising. The private lender raised the funds from international investors including Asian Development Bank (ADB) and UK government’s development finance arm CDC Group Plc,… Read more »


India: Narayana Hrudayalaya IPO subscribed over eight times

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The initial public offering (IPO) of healthcare firm Narayana Hrudayalaya Ltd was subscribed 8.61 times on Monday, the last day of the offer, according to data from the stock exchanges. The Dr Devi Shetty-led company saw the institutional investor portion of the issue subscribed 24.42 times of the amount alloted…. Read more »


India: Publishing firm S Chand plans to hit the capital market next fiscal

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Publishing firm S Chand and Company Pvt Ltd is planning to hit the capital market with an initial public offer (IPO) in the next financial year, according to a report in The Economic Times. The company is also looking to raise a fresh round of capital prior to the proposed… Read more »


India: Century Textiles allots 10.18m shares to two firms of Aditya Birla Group

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B.K. Birla Group-controlled Century Textiles and Industries Ltd has allotted 10.18 million shares to two companies controlled by Aditya Birla Group chairman Kumar Mangalam Birla. After conversion into equity shares, the allocation will raise the promoter group’s holding from 45.22% to 50.21%. Century Textiles allotted 4.10 million shares to Aditya… Read more »