India Reduces Minimum Public Share Float, Paving Way for NSE, Jio Listings
India has officially lowered the minimum public share float for large listed companies, allowing firms valued above 5 trillion rupees to offer just 2.5% of their equity at IPO. The new rules introduce a glide‑path that requires companies to reach a 25% public holding within five to ten years, with tiered minimum floats of 2.75% for 1‑5 trillion‑rupee firms and 8% for those between 500 billion and 1 trillion rupees. Additional provisions mandate that any class of shares with superior voting rights must be listed alongside ordinary shares. The changes clear a regulatory hurdle for anticipated listings by the National Stock Exchange and Reliance Jio.
Currency, Tax Risks Tempering Private Equity Optimism in India, Investors Say
Private‑equity investors in India are confronting two major headwinds: a weakening rupee, which has fallen 1.9% against the dollar so far in 2026 after larger declines in the previous two years, and a capital‑gains tax of 10‑15% on exits. While...
Corporates Pivot to Banks as Primary Funding Source Amid Bond Market Volatility
Corporate bond issuance in India fell more than 20% year‑on‑year in February 2026, marking the weakest three‑year level. Meanwhile, banks reclaimed dominance, with their share of total commercial‑sector funding rising to about 63% in FY26, up from 51% a year...
Vedanta Resources Mobilises $350 Million in Fresh Borrowing
Vedanta Resources secured a $350 million, 3.5‑year revolving credit facility from a consortium of six banks, including First Abu Dhabi Bank, Mashreq, Standard Chartered, Deutsche Bank and JPMorgan. The loan, priced at SOFR + 435 bps, will refinance existing maturities, fund interest payments and...