India’s state-owned banks are already on course to raise more than half their Rs580bn (US$9bn) target from the equity capital markets less than two months after the government unveiled a sweeping recapitalisation plan.
Morgan Stanley capitalised on the resurgence in ECM in 2017. It maintained its position as a leader of IPOs, built its presence in block trades and remained the bank adviser of choice, making it IFR’s Equity House and Asia-Pacific Equity House of the Year.
In a fiercely competitive market, one bank held off a growing number of local rivals to win an impressive number of sole-sponsor mandates from mid-cap clients in 2017. For its consistent focus, BNP Paribas is IFR’s Asia-Pacific Mid-Market Equity House of the Year.