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MUMBAI, Oct 5 - Citi India expects to see equity capital market deals worth $20-22.5 billion in 2023, amid strong local markets and a stable economy, the Wall Street bank's India chief executive said in an interview with Reuters."Initial public offerings have come back and you have seen a flurry of block deal activity given where markets are. Now we are starting to see institutional share sales as well," said Ashu Khullar.
"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said. Citi has been holding roadshows across Asia and Europe meeting with potential India investors, Khullar said."One thing we are consistently hearing is that every board wants to have an India strategy."
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