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Avendus Capital MD sees Indian IPOs topping $20 billion this year

India’s equity capital markets may see a little over $20 billion in IPO issuance by year-end, driven by strong primary IPOs, secondary trading and a busy near-term pipeline, Avendus Capital’s MD said.

ABCAPITALBIOCONGRASIMLEAPINDRELIANCESYNGENE

Mumbai, Sept.

3 -- India's equity capital markets could see a little over $20 billion worth of initial public offerings (IPOs) by the end of this year, driven by robust activity across primary issuances and secondary trades, and a busy near-term transaction pipeline, according to a top executive at…