Asia stocks edge down on Europe bank woes, lower oil
TOKYO Asian stocks were lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets.
MUMBAI Indiabulls Financial Services Ltd (IBUL.NS) has launched a share sale for institutional investors to raise up to 4.48 billion rupees, according to a term sheet obtained by Reuters.
Indiabulls will sell shares at a price range of 283.5 rupees to 298.5 rupees, up to 5 percent discount to its Thursday's close, as per the document.
Bank of America Merrill Lynch is the sole book runner to the transaction.
(Reporting by Abhishek Vishnoi and Indulal PM; Editing by Anand Basu)
MUMBAI Endurance Technologies, an Indian auto parts maker, has set a price band of 467-472 rupees a share for its initial public offering of shares next week that could raise as much as 11.61 billion rupees ($175 million), the company said on Wednesday.
BENGALURU Gold inched lower on Wednesday to touch a one-week low, after suffering its biggest single-day loss in nearly a month in the previous session, on a firmer dollar.