INOX Air Products is planning a $1.0 billion IPO in Mumbai and has appointed Kotak, JPMorgan and Citi as lead managers. The announcement marks a sizable capital-raising in India's industrial and medical gases sector but provided no pricing or timetable. The deal is notable for capital markets activity in the region but is routine market news rather than a market-moving event.
INOX Air Products is planning a $1.0 billion IPO in Mumbai and has appointed Kotak, JPMorgan and Citi as lead managers. The announcement marks a sizable capital-raising in India's industrial and medical gases sector but provided no pricing or timetable. The deal is notable for capital markets activity in the region but is routine market news rather than a market-moving event.
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