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Citi India sees $22 billion in equity capital deals in 2023, says CEO

Reuters · 1y

Citi India expects equity capital market deals worth $20-22.5 billion in 2023, driven by a strong local market and a stable economy. The country raised $19.4 billion on its equity capital markets last year, and the trend of IPOs, block deals, and institutional share sales is continuing. Furthermore, there is growing interest in mergers and acquisitions in the Indian market. Citi India holds a 22.6% market share, and with India's inclusion in JPMorgan's emerging markets bond index, opportunities for debt inflows are expected, offering potential market platforms and services. The Indian economy is projected to be the fastest-growing major economy, attracting interest from investors worldwide. Citi India is focused on its institutional businesses and does not expect the global reorganization to significantly impact its operations in the country.