India’s primary market anticipates a surge in IPOs, including major offerings from Tata Capital and LG Electronics, potentially impacting market liquidity. While large fundraising and festive spending may pose challenges, robust SIP flows and institutional support are expected to maintain stability. Long-term foreign investors remain optimistic about India’s growth prospects, despite short-term volatility.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana