Suvashree Ghosh And Dhwani Pandya Bloomberg

India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country's biggest initial public offering, according to people familiar with the matter.

It's an abrupt turnaround for a market that's spent three years in the doldrums after a prolonged shadow banking crisis strangled access to credit

Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom.

India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country's biggest initial public offering, according to people familiar with the matter.

It's an abrupt turnaround for a market that's spent three years in the doldrums after a prolonged shadow banking crisis strangled access to credit

Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom.