‘I Need Exposure to India' Mood Revs Up Block Trades, IPO Plans
India's market for share sales is warming up after a several dull months, as companies and shareholders cash in on a buoyant stock market.
The South Asian nation saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg. Block trades worth $5 billion were the biggest contributors, marking the busiest month for such deals since March last year. The momentum has carried into June, with at least 10 blocks raising $1.2 billion in the first week alone.
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