January 24 - Financial Times (U.K.) - As investment bankers in India returned to their offices in India’s financial capital, Mumbai, after Christmas and the New Year, they must have suffered from déjà vu.
The New Year started as the old one ended – with a frenzy of deal-making by an Indian corporate sector hooked on exponential growth, capital-raising and overseas acquisitions.
In the first few days of the New Year, the Tata group announced it had been named as the front-runner in bidding for the $2bn takeover of Ford’s Jaguar and Land Rover marques.
This was followed within days by the launch of India’s largest initial public offering, the $3bn listing of Reliance Power, which sold out within seconds of opening on January 15. Read More.
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