Kotak Mahindra Capital Co. reclaimed the top spot in India’s equity capital markets league table for the first half of the year, putting it in position to dominate a year with the country’s largest-ever initial public offerings in the pipeline.
The homegrown investment bank that dominated India’s ECM for three years through 2024 ranked No. 1 with a 13.75% market share, according to data compiled by Bloomberg. JPMorgan Chase & Co., which jumped to the top spot last year, fell to 11th place, according to Bloomberg league table data.
