India's equity capital market has recorded nearly $10 bln of deals since early
August, led by a $3.2 bln government sale of Life Insurance Corporation of India
shares and a $958 mln IPO by Manipal Health, alongside sizeable block trades and
institutional placements. Strengthening domestic mutual funds and insurers,
active retail participation and returning global funds have boosted the market's
capacity to absorb large issuances. That momentum could support planned large
listings later this year, including the NSE and Jio Platforms.