A flurry of block trades is indicating that India’s equity capital markets may be in the early stages of a revival after a subdued year so far.
At least half a dozen block trades have been executed over the past week, including a $782 million sale of Adani Ports and Special Economic Zone Ltd. stocks by Worldwide Emerging Market Holding Ltd. and a $574 million offering of shares in the brokerage platform Groww by Billionbrains Garage Ventures Ltd. Proceeds from such deals have surged to 200 billion rupees ($2.1 billion) in May, making it the strongest month this year, according to exchange data.
