Indian firms may raise $6 billion through IPOs this year

Indian companies are likely to raise in excess of $5.8 billion this year through initial public offerings (IPOs), double the amount they raised last year.

According to data released by Baker and McKenzie, a global law firm, IPOs in India will hit a a six-year high in 2016. Upcoming IPOs include share sales by Vodafone India Ltd and SBI Life Insurance Co. Ltd.

The IPO market is expected to continue the trend in 2017, driven by upbeat economic sentiment, improved business confidence, easing inflationary pressure and stable foreign direct investment inflows.

For more details:
http://www.livemint.com/Money/KjxcYMYkQwpS0bFs8VTkyH/Indian-firms-likely-to-raise-over-58-bn-via-IPOs-this-year.html

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