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Stock impact report

Bharti Hexacom Set to Debut After India's Biggest IPO in a Year [BNN Bloomberg (Canada)]

Axis Capital Holdings Limited (AXS) 
Last axis capital holdings limited earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: axiscapital.com
Company Research Source: BNN Bloomberg
Shareholder Telecommunications Consultants India Ltd. sold 75 million shares in the company at 570 rupees apiece last week, the top of a marketed range. The offering drew bids for more than 30 times the number of shares on offer. Trading begins at around 10 a.m. local time on Friday. Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised 43.3 billion rupees a year ago. A strong start could help open a window for more large deals in India, dubbed by bankers as one of the hottest spots for first-time share sales in Asia this year. “Bharti Hexacom is well-positioned to capitalize on the evolving market trends and consumer preferences,” said Rajan Shinde, Mumbai-based analyst at Mehta Equities Ltd. The offering may further boost activity in the equities market that has mainly been hosting IPOs smaller than $100 million in size over the past year. Those share sales drew a strong response from retail investors and surged after listing, drawing scrutiny by regu Show less Read more
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