India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
India’s 5G Auction Raises $19 Billion
Four companies bid a total of $19 billion at India’s 5G spectrum auction, and acquired 71 per cent of a total 72GHz spectrum on offer. Reliance Jio bagged more than half of the total spend to secure airwaves worth $11 billion. Jio is currently India's largest telecom provider. Bharti Airtel acquired...
Israeli JV to Manufacture Drones in India
India's Adani Enterprises and Israeli Elbit Systems formed a joint venture, Adani-Elbit Advanced Systems India Limited (AEASIL), on November 7, 2016 to work together in the field of unmanned aircraft systems in India. The Adani group will own 51 percent stake in the JV, while the Israeli company will hold...
SunEdison to Invest $4 Billion in India
Missouri-based SunEdison Inc., and the Indian power provider Adani Enterprises, headquartered in Ahmedabad, Gujarat, have signed a memorandum of understanding to establish a joint venture to build the largest solar photovoltaic manufacturing facility in India with a capacity of 7.5 gigawatts of annual production on an investment of up to...