Share-sale frenzy to continue in 2024
Mint Mumbai|December 20, 2023
India's booming market for equity sales is expected to remain buoyant into the new year as high valuations attract companies and shareholders seeking funds while stock-price gains entice investors avoiding China.
Share-sale frenzy to continue in 2024

Initial public offerings and follow-on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg. The tally of $24.2 billion from such sales in the South Asian market has been helped by gains of some 18% in the country's stock gauge, while China's flagging economy has contributed to a slide of almost the same magnitude in its equities benchmark.

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