UPSCSSCBANKINGSTATE-PSC
India leads global IPO activity, with significant fund mobilization despite market volatility.
Summary
India has emerged as a leader in global IPO activity, with two of the top five IPOs in October originating from the country. This strong performance, despite global economic uncertainties, led to record fund mobilization, making it a significant development for the Indian economy.
Key Points
- India leads global IPO issuance.
- Two of the top five global IPOs in October were from India.
- These IPOs collectively raised over USD 10 billion.
- Tata Capital and LG Electronics India's listings contributed to record fund mobilization.
- Fund mobilization reached a record Rs 41,783 crore.
Full Article
India leads global IPO issuance, with two of the top five IPOs in October originating from the country, collectively raising over USD 10 billion. Despite global economic uncertainties, India's primary markets demonstrated remarkable strength, with Tata Capital and LG Electronics India's listings propelling fund mobilization to a record Rs 41,783 crore.
#business#economy#upsc#banking#ssc#rbi