INDIA

摘要

IDBI BANK invited bids from banks to manage a qualified institutional placement of shares for up to Rs60bn (US$808m), people with knowledge of the transaction said. The deadline was Friday and up to six banks will be hired. The bank has shareholder approval to raise up to Rs110bn of fresh capital in various tranches. Last year Life Insurance Corporation of India acquired a 51% stake in the loss-making bank while the government of India owns 47%. The government has decided to fully upsize the offer for sale in HINDUSTAN AERONAUTICS to Rs50bn (US$681m) at Rsl,001 a share. The OFS comprises a base deal of up to 33.4m shares, or 10% of the share capital, with an upsize option of 16.7m shares.