ICICI Prudential AMC’s IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-leader in India’s fast-growing asset management industry. With the largest equity AUM, rapid profit growth and an unmatched distribution network, the fund house commands premium valuations. But rich pricing, tighter Sebi rules and intensifying competition leave little margin for error.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of