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Lenskart Solutions Pvt, an Indian eyewear company backed by SoftBank Group Corp., is reportedly planning to hire banks such as Kotak Mahindra Bank Ltd. and Morgan Stanley for a $1 billion initial public offering in Mumbai. The company may seek a valuation of around $8 billion through this offering. Lenskart's other investors include Abu Dhabi Investment Authority, KKR & Co., Temasek Holdings Pte, and PremjiInvest. Final decisions regarding the IPO size and company valuation are still pending. [Extracted from the article]

Apollo Global Management Inc. is reportedly exploring the possibility of launching an initial public offering (IPO) for Tenneco Inc.'s India business, potentially valuing it at $2 billion. The IPO, if pursued, could raise between $400 million to $500 million. This move follows a trend of companies listing their units in India, with more than $20 billion raised in IPOs in the country last year. Tenneco's recent sale of Öhlins Racing may help the company focus on core areas and reduce debt. [Extracted from the article]

Carlyle Group Inc. is reportedly considering an initial public offering (IPO) of engineering services firm Quest Global Services Pte in India, potentially raising about $1 billion. The IPO market in India has been active this year, with significant funds raised, attracting global investors. Quest Global, with over 20,000 employees, offers engineering services in various industries globally and may redomicile to India as part of the potential deal. [Extracted from the article]

Vodafone Group Plc is planning to raise up to $335 million by selling its remaining stake in Indus Towers Ltd in India. The telecommunications company aims to use some of the proceeds to reduce debt. This move is part of Vodafone's strategy to minimize exposure to underperforming markets. International companies have been taking advantage of India's strong stock markets this year to sell stakes in local subsidiaries, with secondary share sales reaching a record $25 billion. [Extracted from the article]

Vodafone Group Plc is selling its remaining stake in India's Indus Towers Ltd., amounting to 3% of the company's shares, to pay down debt. This decision is part of CEO Margherita Della Valle's strategy to reduce exposure to underperforming markets. The sale is in line with a trend of international companies capitalizing on India's strong stock markets, with record secondary share sales totaling $25 billion this year. Other multinational corporations, such as British American Tobacco Plc and Hyundai Motor Co., have also divested some of their Indian holdings. [Extracted from the article]

EQT AB is considering an initial public offering for Indira IVF in Mumbai that could raise $400 million, potentially valuing the IVF clinic operator at $2.5 billion. Indira IVF, founded in 1988, is India's largest provider of fertility services, with over 150 centers and 290 specialists. The fertility market in India is growing rapidly, with EQT highlighting the country's high infertility rates and underserved market compared to more developed countries. [Extracted from the article]

LG Electronics Inc. has added Axis Capital Ltd. to the banks arranging a potential IPO of its Indian unit in Mumbai. The company has selected the Indian bank as it moves forward with the share sale, aiming to raise $1 billion to $1.5 billion. India has become a hotspot for fundraising through equity capital markets, with LG Electronics India Pvt Ltd. potentially being valued at around $13 billion. Other companies like Swiggy Ltd., HDB Financial Services Ltd., and Carraro SpA are also undertaking Indian listings. [Extracted from the article]

Bankers in Asia are optimistic about a recovery in initial public offerings, with an increase in Chinese firms considering public flotations in Hong Kong. India has seen a record year in funds raised from share sales, while Tokyo's stock market has seen blockbuster deals. Despite challenges, such as increased volatility in Hong Kong's stock market and potential regulatory hurdles in China, there is a positive outlook for IPOs in the region. [Extracted from the article]

The National Stock Exchange of India (NSE) has seen its valuation double to $36 billion in the past four months, as investors anticipate an initial public offering (IPO) in early 2025. Unlisted shares in the world's largest derivative exchange have been in high demand, with prices ranging from 5,700 to 6,500 rupees ($68 to $78). The NSE's valuation is expected to increase further as IPO plans progress. The exchange recently received clearance from the Securities and Exchange Board of India for an IPO, after being accused of unfair market access nearly a decade ago. [Extracted from the article]

Nomura Holdings Inc. and Mizuho Financial Group Inc. are the leading bidders for a majority stake in Avendus Capital Pvt., one of India's largest investment banks. KKR & Co., the current owner of the stake, is seeking at least $400 million for its 63% stake. Other firms, including Carlyle Group Inc., have also expressed interest. Avendus management prefers a global asset manager or a group of family offices as new backers. Avendus is the only private equity-backed investment bank in India and is a sought-after target for bidders looking to tap into the country's hot market for initial public offerings and mergers. [Extracted from the article]

Deutsche Bank has hired Apurva Mazumder as head of mergers and acquisitions and its diversified industries group for India, as the German lender expands its investment banking business in the Asia Pacific region. Mazumder, who previously worked at Moelis & Co., brings over 25 years of investment banking and M&A experience to the role. India has seen a significant increase in dealmaking activity, with $9 billion raised through IPOs this year and a 28% increase in deals involving Indian companies. Deutsche Bank has been actively hiring in the APAC region to compete with Wall Street rivals and has been involved in deals across various markets in the region. [Extracted from the article]

South Korea's LG Electronics is reportedly considering an initial public offering (IPO) of its Indian business, which could raise up to $1.5 billion. The company has chosen banks including Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley as arrangers for the potential IPO, which may take place next year. LG may file a prospectus with India's stock market regulator as early as next month. This move is part of LG's efforts to reach its target of $75 billion in electronics revenue by 2030 and revitalize its consumer electronics business. [Extracted from the article]

Global funds are increasingly investing in India's primary market, which offers new-share offerings, preferential allotments, and sales to large investors. This trend is driven by the high valuations of Indian secondary-market stocks, which are among the priciest in the world. India has become one of the busiest venues for initial public offerings (IPOs) this year, with companies raising over $12 billion through IPOs and primary share offerings. Overseas investors in recent IPOs include funds linked to Fidelity International Ltd., Nomura Holdings Inc., and Amundi SA. The primary market offers comparatively lower valuations compared to the secondary market, making it an attractive option for investors. [Extracted from the article]

Global funds are increasingly investing in India's primary market, which offers new-share offerings, preferential allotments, and sales to large investors. This trend is driven by the high valuations of Indian secondary-market stocks, which are among the priciest in the world. The allure of gaining earlier exposure to Indian companies through the primary route is strong, especially with over $10 billion in IPOs expected in the second half of the year. India has become one of the busiest venues globally for initial public offerings, with companies raising over $12 billion this year. The benefits of buying new shares in the primary market are evident in the case of Vodafone Idea Ltd., where investors have seen notional profits of over 45%. [Extracted from the article]

Temasek Holdings, a Singapore state investment company, is considering an exit from its joint venture with Schneider Electric in India, according to anonymous sources. Temasek has been discussing options such as selling its minority stake to Schneider or another party, or conducting an initial public offering. The joint venture, known as Schneider Electric India Pvt, was formed in 2020 and is 65% owned by Schneider Electric and 35% owned by Temasek. The discussions are in the early stages and it is unclear how the transaction will proceed. Schneider Electric is a French industrial company that has expanded its offerings beyond electrical gear to include software and equipment for buildings, data centers, and factories. [Extracted from the article]

International companies are taking advantage of India's strong stock market by selling stakes in their local subsidiaries to investors. This year, over $15 billion has been raised through secondary sales or block trades in India, a 150% increase from the same period in 2023. Additionally, $5 billion has been raised through initial public offerings, double the amount from the previous year. The trend is expected to continue due to liquidity from domestic institutions and foreign investors. India is becoming an attractive option for investors shifting away from China, as the Sensex index has increased by over 11% this year. Several multinational companies are considering listing their Indian units, and Indian technology companies are also returning home to list. Indian retail investors have been investing in the nation's equity mutual funds for 40 consecutive months. [Extracted from the article]

Anthem Biosciences Pvt., a contract drug researcher and manufacturer based in Bengaluru, India, is considering an initial public offering (IPO) in India that could raise around $400 million. The company, in which Indian private equity firm True North acquired a minority stake in 2021, may seek a valuation of $3 billion to $4 billion in the IPO. Anthem Biosciences is in the process of appointing advisers and aims to list in the fourth quarter of 2024 or early 2025. The IPO market in India has been strong this year, with about $4.8 billion raised so far. Anthem Biosciences, founded in 2007, has two sites near Bengaluru for drug research and manufacturing. [Extracted from the article]

Hyundai Motor Co. is planning to launch an initial public offering (IPO) for its Indian unit, Hyundai Motor India Ltd., which could raise up to $3.5 billion. This would make it the largest IPO ever in India. The carmaker aims to gauge investor interest in the coming weeks and is targeting a deal size of at least $3 billion, potentially rising to $3.5 billion. The IPO would surpass the previous record set by Life Insurance Corp. of India in 2022 and would be one of Asia's biggest IPOs in recent years. [Extracted from the article]

Private equity giants like Blackstone, KKR, Carlyle Group, and Warburg Pincus are increasingly investing in India due to its strong economic growth, regulatory changes, and a vast talent pool. Over the past decade, international firms have increased their investment in India fivefold, with many now buying majority stakes in startups and taking advantage of a growing stock market. Despite challenges such as complicated tax rules and restrictions on purchasing publicly traded companies, India has become an attractive investment market for private equity firms. The country's potential for growth in domestic consumption, along with its strengths in information technology, pharmaceuticals, and services, suggest further growth in the future. [Extracted from the article]

Ola Electric Mobility Ltd., India's largest electric scooter maker, is facing investor pushback on its targeted valuation for its upcoming initial public offering (IPO). The company's founder has aimed for a potential valuation of up to $7 billion, but initial feedback from investors suggests a valuation of about $5 billion. Ola Electric's current investors may choose not to sell their shares if the valuation remains at $5 billion. The company plans to raise $659 million through the IPO to expand its manufacturing capacity and venture into battery-powered cars and EV cells. [Extracted from the article]

Pine Labs, a digital payments provider in Asia, is considering an initial public offering (IPO) in India to raise about $1 billion. The company may seek a valuation of over $6 billion and could issue both new and secondary shares. Pine Labs serves over 500,000 merchants in India, the Middle East, and Southeast Asia, providing payment and financial services solutions. This potential IPO would be the largest by an Indian fintech firm since 2021. [Extracted from the article]

Indian spirits manufacturer Allied Blenders & Distillers Ltd. is planning an initial public offering (IPO) that could value the company at 80 billion rupees ($960 million). The Mumbai-based distiller intends to offer shares at a price range of 267 rupees to 281 rupees per share, aiming to raise 15 billion rupees ($180 million). The IPO terms are expected to be announced soon. Allied Blenders & Distillers, known for its Officer's Choice whiskey and Jolly Roger rum, received approval from the Securities & Exchange Board of India for the IPO in May. The lead managers for the listing are ICICI Securities Ltd., Nuvama Wealth Management Ltd., and ITI Capital Ltd. [Extracted from the article]

Hyundai Motor Co.'s Indian unit has filed for an initial public offering (IPO) that is expected to be one of the largest in India. The carmaker plans to offer 17.5% of Hyundai Motor India Ltd., with the entire proceeds going to the parent firm. The company aims to raise about $2.5 billion in the IPO, potentially valuing Hyundai at $25 billion. The IPO is expected to take place by the end of the year, with Kotak Mahindra Bank, Citigroup, HSBC, JP Morgan, and Morgan Stanley serving as advisers. [Extracted from the article]

Hyundai Motor Co. plans to sell 142.2 million shares in an initial public offering (IPO) of its Indian unit. The company aims to raise about $2.5 billion through the IPO, with a potential listing by the end of the year. Hyundai is seeking a valuation of up to $25 billion, which would make it one of the largest IPOs in India. The automaker's advisers for the share sale include Citigroup, Kotak Mahindra Bank, JP Morgan Chase, HSBC Holdings, and Morgan Stanley. Hyundai Motor India Ltd. is the second-largest carmaker in India based on sales. [Extracted from the article]

Haldiram Snacks Pvt Ltd., a popular Indian food producer and restaurant operator, is considering an initial public offering (IPO) after plans to sell the company to foreign investors fell through. The Agarwal family, who owns Haldiram's, received bids of around $8 billion to $8.5 billion, which did not meet their valuation expectations of $12 billion. The family may still decide to lower their asking price and proceed with a sale instead of an IPO. India has become a hotspot for IPOs, with $3.9 billion raised so far this year. Haldiram's, founded in the 1930s, sells a variety of snacks and operates several restaurants in and around Delhi. [Extracted from the article]

Hyundai Motor Co. is planning to file for an initial public offering (IPO) for its India unit this month, with a potential listing by the end of the year. The automaker aims to raise about $2.5 billion in the IPO, which would be one of the largest in India. Hyundai is seeking a valuation of up to $25 billion. The company's advisers for the IPO include Citigroup, HSBC, JPMorgan Chase, Kotak Mahindra Bank, and Morgan Stanley. If the IPO proceeds, Hyundai will use the funds to expand its operations in India. [Extracted from the article]

Ajax Engineering Pvt, an Indian concrete equipment maker backed by Kedaara Capital, is considering an initial public offering (IPO) in Mumbai that could raise 20 billion rupees ($240 million). The company is working with advisers to prepare for the IPO, which is expected to take place in the fourth quarter. If successful, the IPO could value Ajax Engineering at $1.2 billion. Ajax Engineering, founded in 1992, manufactures concrete mixers, pumps, and pavers for over 25,000 customers. It operates three plants in Karnataka, southern India. [Extracted from the article]

India has become a hot market for share sales, particularly initial public offerings (IPOs), with $3.9 billion raised through IPOs so far in 2024. This is more than double the amount raised during the same period in 2023 and higher than the combined amount raised in South Korea and Hong Kong. The activity for blocks and placements has also seen a significant increase. The largest IPOs are yet to come, with South Korea's Hyundai Motor Co. planning a share sale of its India unit that could raise about $2.5 billion. Bankers predict that fundraising from IPOs could exceed $20 billion over the next two years. India's economic growth, which exceeded 8% in the fiscal year ending in March, has boosted investor confidence. With the end of elections, companies are expected to take advantage of India's strong prospects. The number of IPO filings has increased, and there is a long queue of potential listings. The rush for Indian IPOs contrasts with other Asian markets, such as China and Hong Kong, where activity remains tepid due to geopolitical tensions and growth concerns. Private equity firms are also focusing on India as they seek to exit portfolio companies and deploy capital. Overall, the quality and quantity of companies seeking listings in India are encouraging for investors. [Extracted from the article]

Hyundai Motor Co. has enlisted the help of Kotak Mahindra Bank Ltd. and Morgan Stanley as advisers for a potential initial public offering (IPO) of its India unit. The IPO, which could raise around $2.5 billion, would be one of the largest ever in India. Hyundai Motor India Ltd. is planning to file for the IPO in June, with the listing potentially raising as much as $3 billion. The lineup of banks involved may still change, and no final decision has been made on the size and timing of the share sale. If the IPO proceeds, Hyundai will use the funds to expand its operations. [Extracted from the article]

Indian billionaire Kumar Mangalam Birla's company, Hindalco Industries Ltd., is considering an initial public offering (IPO) for its US aluminum products maker, Novelis Inc. The IPO could raise around $1.2 billion and target a valuation of about $18 billion for Novelis. Hindalco may list Novelis on the New York Stock Exchange by September, pending approval from the US Securities and Exchange Commission. The IPO is being worked on by Bank of America, Citigroup, and Morgan Stanley. [Extracted from the article]

Indian billionaire Kumar Mangalam Birla's company, Hindalco Industries Ltd., is considering an initial public offering (IPO) for its US aluminum products maker, Novelis Inc., aiming to raise around $1.2 billion. Hindalco may seek a valuation of approximately $18 billion for Novelis, with plans to list the company on the New York Stock Exchange by September, pending approval from the US Securities and Exchange Commission. Novelis is the world's largest producer of flat-rolled aluminum products, used in various industries. The details of the IPO are still being discussed and may change, and Hindalco has not yet made a final decision on whether to proceed with the IPO. [Extracted from the article]

Hillhouse Investment is reportedly considering an initial public offering (IPO) for the Indian unit of Versuni Group BV, formerly known as Philips Domestic Appliances. The Asian investment firm is working with JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. as potential arrangers for the listing, which could take place this year or next. While talks are still in the early stages and no final decisions have been made, the IPO could potentially raise over $200 million and value the Indian business at around $800 million. Hillhouse acquired Royal Philips NV's home appliance business in 2021, which was later renamed Versuni. [Extracted from the article]

ICICI Bank Ltd. has appointed Gaurav Singhvi and Sarun Agarwal as co-heads of the equity capital markets division of its investment banking unit. The move comes after Pratik Loonker left the firm to join rival Axis Capital Ltd. ICICI Securities plans to make 15 new hires in its investment banking division this year to strengthen its mergers and acquisitions, private equity, and fundraising practices. India's IPO market has been strong, with the country's stock market value surpassing Hong Kong's to become the fourth largest in the world. ICICI Securities ranked among the top 10 managers of equity and rights offerings in India in the first quarter of 2024. [Extracted from the article]

GQG Partners LLC, led by Rajiv Jain, plans to invest approximately $400 million in Vodafone Idea Ltd.'s upcoming share sale. This investment is seen as a vote of confidence in the struggling Indian wireless operator, which has been facing financial losses and a declining subscriber base. The share sale, valued at $2.2 billion, will take place from April 18 to April 22. Other institutional investors are also expected to participate in the sale. The backing from GQG Partners is seen as a positive development for Vodafone Idea, as it seeks to compete with stronger rivals in the Indian telecom sector. [Extracted from the article]

GQG Partners LLC, led by Rajiv Jain, plans to invest approximately $400 million in Vodafone Idea Ltd.'s upcoming share sale. This investment is seen as a vote of confidence in the struggling Indian wireless operator, which has faced financial losses and a declining subscriber base. The share sale, valued at $2.2 billion, will take place from April 18 to April 22, with a floor price of 10 rupees per share. Other institutional investors are also expected to participate in the sale. The backing from GQG Partners is seen as a positive development for Vodafone Idea, as it seeks to compete with stronger rivals in the Indian telecom sector. [Extracted from the article]

Carlyle Group Inc. has chosen JPMorgan Chase & Co. and Kotak Mahindra Bank to assist with the initial public offering (IPO) of Hexaware Technologies Ltd. in Mumbai. The IPO is expected to take place in the fourth quarter of this year and could value the Indian IT company at up to $6 billion. Carlyle is considering the share sale to reduce its stake in Hexaware. This potential IPO would be the largest in India since 2022. India's market for deals, including IPOs, has been growing as global investors look to capitalize on its growth potential. [Extracted from the article]

Indian supermarket chain Vishal Mega Mart Pvt. has selected banks, including Kotak Mahindra Bank Ltd., ICICI Bank Ltd., and Jefferies Financial Group Inc., to assist with its planned initial public offering (IPO) in Mumbai. The IPO would allow the company's private equity owners, Partners Group Holding AG and Kedaara Capital, to reduce their stakes. The company could potentially raise between $850 million to $1 billion in the offering. India has become an attractive market for IPOs as global investors look to capitalize on its growth potential. [Extracted from the article]

Indian supermarket chain Vishal Mega Mart Pvt. has chosen Kotak Mahindra Bank Ltd. and ICICI Bank Ltd. to help arrange a share sale for its planned initial public offering (IPO) in Mumbai. The IPO would allow the company's private equity owners, Partners Group Holding AG and Kedaara Capital, to reduce their stakes. The company could raise between $850 million to $1 billion in the offering. India has become an attractive market for IPOs as global investors look to capitalize on its growth potential. [Extracted from the article]

Nuvama Group, an asset management unit backed by PAG in India, is planning to raise $300 million from wealthy individuals and family offices in the Middle East for its latest fund. The fund, called Nuvama Crossover IV, will invest in companies preparing to go public on Indian stock exchanges. Indian money managers are increasingly looking to raise capital from international markets, including the Middle East, the US, and the UK, to tap into the rising wealth and buoyant stock markets in India. Nuvama also plans to raise another $100 million from the region for a new public equities long-short product. [Extracted from the article]

Carlyle Group Inc. is considering an initial public offering (IPO) for Indian information technology firm Hexaware Technologies Ltd., which could raise $1 billion. The US investment firm is in talks with potential arrangers for an IPO in Mumbai, with a potential valuation of $4 billion or more. Other options being considered include a stake sale to an investment firm or industry peer. Carlyle bought Hexaware in 2021 from Baring Private Equity Asia Ltd. [Extracted from the article]

Indian electric-scooter maker Ather Energy Pvt has chosen HSBC Holdings Plc, Nomura Holdings Inc., and JPMorgan Chase & Co. to assist with its initial public offering (IPO), according to anonymous sources. The company has also selected local banks JM Financial Ltd. and Axis Bank Ltd. for the share sale, which could take place in Mumbai in the second half of the year. Ather is aiming for a valuation of around $2 billion and may seek to raise up to $400 million in the IPO. The company was founded in 2013 and has received funding from various investors, including Hero MotoCorp Ltd. and Tiger Global Management. [Extracted from the article]

Novelis Inc., an American aluminum products maker owned by Hindalco Industries Ltd., has chosen Bank of America Corp. and Citigroup Inc. to handle its upcoming initial public offering (IPO) in the United States. The IPO will be conducted by Hindalco, and the company is aiming to raise approximately $1 billion. Hindalco acquired Novelis in 2007, and the US unit accounted for over 60% of Hindalco's revenue in the previous financial year. Additional banks may be added to the IPO process. [Extracted from the article]

According to Bank of America, fundraising activity in India is expected to be stronger than ever over the next two years. The co-head of investment banking in India predicts that 2024 and 2025 will be the busiest years for initial public offerings (IPOs) in the country's history. Several conglomerates, tech firms, and financial services providers are seeking capital for growth, while owners are taking advantage of the opportunity to sell their holdings. The robust economy, growing retail investor base, and favorable conditions for IPOs are contributing to this trend. Additionally, global investors are shifting billions of dollars into India as China faces challenges in its stock and property markets. [Extracted from the article]

Indian electric scooter company Ather Energy Pvt is reportedly looking to hire investment banks for a potential initial public offering (IPO) in Mumbai. The IPO could value the company at around $2 billion, and Ather may seek to raise up to $400 million through a share sale. However, no final decisions have been made, and Ather could still choose to delay the listing. Ather's backers include Flipkart co-founders Sachin Bansal and Binny Bansal, and the company has previously raised funds from investors such as India's sovereign wealth fund and Tiger Global Management. [Extracted from the article]

Hyundai Motor Co. is planning to hire banks such as Citigroup Inc. and JPMorgan Chase & Co. for an initial public offering (IPO) of its Indian unit, which could raise around $2.5 billion. This IPO would be one of the largest in India's history. Hyundai is also in talks with other banks for the offering, although the lineup of banks may still change. If the IPO proceeds, the funds raised will be used to expand operations in India, which accounted for 13% of Hyundai's global sales last year. [Extracted from the article]

Hyundai Motor Co. is reportedly considering an initial public offering (IPO) for its India unit, which could raise around $2.5 billion and potentially become one of the largest IPOs in India. The company has had discussions with international banks about the potential IPO and may approach domestic advisers for pitches soon. While the IPO is still in the early stages and may not proceed, if it does, Hyundai plans to use the funds to expand its operations in India, which is an important market for the company. Shares of Hyundai's component suppliers in India rallied following news of the possible IPO. [Extracted from the article]

Perfios Software Solutions Pvt., a technology company based in Bangalore, India and backed by Warburg Pincus, is reportedly considering an initial public offering (IPO) in India that could raise around $500 million. The potential IPO could value the company at approximately $2 billion. Perfios, founded in 2008, offers software-as-a-service solutions to banks, insurers, and other financial services firms in India, the Middle East, and southeast Asia. The company is seeking to hire banks to assist with the share sale, which may occur as early as this year. Existing shareholders may also sell some of their shares in the offering. [Extracted from the article]

Salil Pitale, the interim head of Axis Bank Ltd.'s investment-banking arm, has left the Indian firm. Atul Mehra, a veteran JM Financial Ltd. banker, is set to take over as the new chief of Axis Capital. Pitale is the third senior executive to leave Axis Capital in recent months. India's IPO market has been robust, with the country's stock market capitalization overtaking Hong Kong's to become the fourth-largest in the world. [Extracted from the article]

ICICI Bank, India's second-largest private lender, is hiring 30 investment bankers in anticipation of a record high in fundraising by companies in India. The bank plans to hire 15 new employees in its investment banking division to strengthen its mergers and acquisitions, private equity, and fundraising practices, and another 15 in sales, trading, and research. The bank expects robust deal activity in the next few years, making India an attractive investment destination. Other financial institutions, such as JM Financial and Jefferies Financial Group, are also expanding their operations in India to take advantage of the increase in deals. [Extracted from the article]

ICICI Bank, India's second-largest private lender, is hiring 30 investment bankers in anticipation of a record high in fundraising by companies in India. The bank plans to hire 15 new employees in its investment banking division to strengthen its mergers and acquisitions, private equity, and fundraising practices, and another 15 in sales, trading, and research. The bank expects robust deal activity in the next few years, making India an attractive investment destination. Other financial institutions, such as JM Financial and Jefferies Financial Group, are also expanding their operations in India to take advantage of the increase in deals. [Extracted from the article]