German Firms Mahle, Schott Said to Seek Banks for India IPOs

Mahle GmbH and Schott Pharma AG are exploring initial public offerings of their Indian business units, according to Bloomberg reporting. The two German companies are seeking banks to advise on the potential offerings, which could each raise as much as $400 million. Multinational firms have been moving to list their Indian subsidiaries to access local market valuations.

• Bloomberg — German Firms Mahle, Schott Said to Seek Banks for India IPOs

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