Primary market revival earns deal makers a record $1 bn fees
Mint Mumbai|October 06, 2023
Buoyed by nimble primary markets, the country’s deal-makers earned a record of around $1 billion in fees—the highest ever this millennium for the January-September period, a study and Mint research revealed.
Mayur Bhalerao

According to UK-based global deals analytics firm Refinitiv, on the back of thriving equity capital market deals and trending initial public offerings (IPOs) in India, investment bankers reaped a massive 41% increase in their fees at $967.5 million for the first nine months as compared to last year.

Citi, with $58.6 million in investment banking fees, earned the most from deal making activities in India according to Refinitiv. ICICI Bank Ltd, and Axis Bank Ltd followed Citi, earning $56.6 million and $56.4 million respectively from investment banking fees. Goldman Sachs investment banking income rose to $54.4 million from deal making in India, revealed the data.

Through equity deals domestic firms and their promoters raised $18.4 billion in the first nine months of 2023, a 34.4% jump from the same period of last year, said the London listed data tracker group.

هذه القصة مأخوذة من طبعة October 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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