Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (IIHL), according to sources.
State Bank of India raised $500 million via bonds at the tightest pricing ever for an Indian entity, capitalizing on Indias recent credit rating upgrade. The issuance, 30 bps tighter than initial guidance, highlights strong global investor appetite.