DBS Joins Buzzing India ECM Space With Mandate in $1 Billion IPO

DBS Group Holdings Ltd. has entered India’s buoyant equity capital market, marking a push into one of the world’s busiest venues for share sales.

Singapore’s biggest lender secured its first mandate in the country from Manipal Health Enterprises Pvt., which filed for an initial public offering on Tuesday that’s expected to raise about $1 billion. Temasek Holdings Pte. is the largest shareholder in both the hospital chain and DBS.