India’s strong run of share offerings in 2009 is expected to weather the shock from the Dubai crisis, bankers and analysts say.
The country’s initial public offering deal pipeline includes a planned $796m listing by the Dubai-Indian property joint venture, Emaar MGF Land, but analysts believe that even this deal will escape the fallout from the crisis unfolding across the Arabian Sea from India.
Tarun Kataria, chief executive of global banking and markets at HSBC India, said: “The Dubai situation notwithstanding, the outlook for India remains positive.
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