The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline.
India’s capital markets have been busy enough lately to make the firms that arrange the deals worth investing in themselves.
Equirus Capital, a Mumbai-based investment bank, is considering raising as much as $60 million in a new funding round, according to people familiar with the plans, in a move that reads as a wager on the continued strength of the country’s listings boom.
The structure under consideration mixes new money with an exit for some early backers.
Equirus is looking to raise the capital by issuing fresh shares while also allowing some existing investors to sell part of their stakes, a common arrangement that lets a company bring in growth funding and give long-standing shareholders partial liquidity in the same transaction.
