Nilesh Shah, former CIO at ICICI Prudential AMC, changes course and takes on a strategic role at India's Axis Bank, including overseeing investment banking.
An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to start the bookbuilding for its recently withdrawn IPO of up to $1 billion.
Mundra Port and SEZ is expected to price its $450 million IPO at the top end of the range after attracting subscriptions for $52 billion worth of shares.