Mitul Shah & Associates

Torrent Gas hires Citi, two others for $450 million IPO

Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction, amidst a busy IPO market in India.

Q2 FY26 FDI equity inflows up 20.5% on year

Foreign direct investment equity inflows into India saw a significant jump of 20.5 percent year-on-year, reaching $16.4 billion in the July-September quarter. This growth reflects a positive trend in the first half of the fiscal year. Key sectors like computer software and hardware, services, and trading attracted substantial investments. Maharashtra led the states in receiving […]