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Bank of America Says Indian IPOs to Pick Up Within Six Months

  • Decline in country’s IPO volume less than in Asia as a whole
  • Inbound deals and consolidation to drive M&A volume in India
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Bank of America's Purohit on India’s Investment ClimateSource: Bloomberg

Bank of America Corp. expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market.

“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday.