Baiju Kalesh

Last August, Mukesh Ambani promised shareholders that Jio Platforms Ltd. would seek a stock market listing in the first half of 2026.

Equirus Capital Pvt is considering raising as much as $60 million in a funding round, according to people familiar with the matter.

Carlsberg A/S has confidentially filed draft papers for an initial public offering of its India unit to raise as much as $700 million, according to people familiar with the matter.

Carlyle Group Inc. has hired JM Financial Ltd. and Goldman Sachs Group Inc. to advise on a potential initial public offering of its India-based healthcare revenue cycle management business, according to people familiar with the matter.

The founder of Avaada Group, one of India’s largest clean-energy company, is planning to borrow about $750 million from a group of global lenders to refinance the firm’s existing debt, according to people familiar with the matter.

K Raheja Corp. Pvt., one of India’s largest real estate developers, has delayed plans for an initial public offering after feedback from investment bankers, according to people familiar with the matter.

Sumitomo Mitsui Financial Group Inc. is evaluating its India strategy as it looks for ways to consolidate its presence in one of the world’s fastest-growing banking markets, people with knowledge of the matter said.

Akasa Air is looking to raise 10.5 billion rupees ($110 million) through equity and debt, people familiar with the matter said, as India’s youngest airline seeks funds to overcome challenges brought on by the Iran war.

Akasa Air is raising funds through equity and debt to navigate industry challenges. The airline seeks eight billion rupees from investors and two point five billion rupees in loans. Existing owners will contribute five billion rupees to the equity portion. Despite headwinds, Akasa Air has expanded its operations locally. The company plans further capacity increases in the coming year.

As the youngest Indian airline seeks funds in form of investment and debt, it has also been the only airline to meaningfully expand its operations since the West Asia war began in February.