Attracted by political stability, a growing middle class, and a reforms push making it more appealing for foreigners to invest, sovereign wealth funds are buying stakes in India businesses from airports to renewable energy. Wealth and state pension funds are investing in private markets, to complement an existing focus on...
Indian Equities Attract Biggest Foreign Investments since 2012
Indian equities attracted the biggest foreign investment in seven years in March, receiving a major chunk of inflows into Asia. Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam show, of which Indian stock...
Mars Food Acquires Tasty Bite in India
Mars Food, the European arm of Virginia-based Mars Inc, has signed a definitive agreement to acquire Preferred Brands International, based in Connecticut. The deal is expected to close by the fourth quarter of 2017, subject to regulatory approvals. Preferred Brands International, a manufacturer and marketer of ready-to-heat Indian and Asian...
Jubilant Pharma Expected to Buy American Pharma Company
Noida, India-based Jubilant Life Sciences' subsidiary Jubilant Pharma will negotiate a potential acquisition of a specialty business in the U.S., subject to due diligence, satisfactory agreements, and final approval of Jubilant Life Sciences. BusinessLine reports on a company filing at the Bombay Stock Exchange that says, "the proposed acquisition is...
GST May Spur Over 1,000 companies to seek public listing
Ashishkumar Chauhan, CEO of Bombay Stock Exchange says that once India's federal government implements the Goods and Services Tax (GST) regimen, smaller firms will become tax-compliant and will float IPOs to sell their shares to the public. Chauhan estimates that around 1,000 companies will list on his bourse over the...
GMEX and India’s Metropolitan Stock Exchange to Collaborate
London-based GMEX Group and the Metropolitan Stock Exchange of India will collaborate to develop technology-driven products to enhance India’s capital markets. As part of the proposal, GMEX will acquire a 5% stake in the Exchange, and its subsidiary, the Metropolitan Clearing Corporation of India. The collaboration includes product development in...