India has become one of the bright spots in the relatively slow Asia equity capital markets since late February following the completion of four block trades within a period of three weeks.
The latest deals to hit the market are the Indian government’s divestment of a 5% stake in Container Corporation of India Concor and a selldown of shares in Bangalore-based technology consulting company Infosys by two of its co-founders. Both deals were completed on Thursday.
Both were brought to the market after the government raised $732 million from the sale of a 5% stake in India’s largest power producer NTPC as well as a $300 million...
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