India share sales next year forecast to top 2017 record

Mumbai

EQUITY issuance in India next year will outdo 2017's record as a slew of companies take advantage of a booming stock market to raise growth capital, according to a top arranger of share sales in the nation.

First-time share sales have raised more than 762 billion rupees (S$15.9 billion) so far, boosting total issuance to 1.95 trillion rupees, thanks to the rally that's made Indian equities one of Asia's best performers this year.