PNB Housing Fin, Varun Beverages join IPO boom

MUMBAI: PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week. Indian

MUMBAI: PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week. Indian companies have raised $2.9 billion through IPOs in the first nine months of this year, a 171% jump from a year earlier and the best run since 2010. PNB Housing Finance, the fifth-largest mortgage lender by assets, is selling new shares to raise up to ₹3,000 crore. The sale will open on October 25 and close on October 27. Varun Beverages, one of the largest bottlers for PepsiCo, is looking to open an IPO to raise ₹1,2 00 crore on October 2.

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