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Bharti Tele-Ventures and UTI Bank both successfully sold equity this week, keeping India firmly in the limelight for international investors.
The warm response to both deals augurs well for the string of deals expected from India in the financial year beginning on April 1.
On Monday night private equity firm Warburg Pincus sold a 6% stake in Bharti Tele-Ventures, India's largest private mobile telephone company, to raise gross proceeds of about $560m.
UBS priced the sale at a 2.6% discount to the market price of Rp223.75.
Warburg Pincus retains 108.1m shares in Bharti, which has over 11m subscribers and a market capitalisation of more than $10bn.
Then on Wednesday, UTI Bank raised $239m by selling global depositary receipts. Joint bookrunners Citigroup and Merrill...