Equity Despite fears over a lack of legal market reform, India has witnessed its largest-ever initial public offering (IPO) and equity offering from DLF and ICICI Bank, respectively. ICICI carried out the country's largest equity offering, raising $5 billion in a follow-on public offer on the Indian and New York Stock Exchanges. Elsewhere, DLF, a real estate company, capitalized on India's booming property market and raised $2.25 billion in the country's largest ever IPO.
July 31 2007