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Aug 01, 2014
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Foreign promoters' holding in BSE 500 at nearly 3-year high
Foreign promoters’ ownership in the BSE 500 universe climbed to an 11-quarter high in the June quarter, with experts saying they are looking for ‘strategic value’ in Indian markets.
Among the MNCs that have made open offers in recent days, Moody's Singapore Pte acquired 21.55% stake in Icra for Rs 517 crore. The open offer concluded on June 16. UK’s liquor player Diageo made an open offer of Rs 11,449 crore for an additional 26% stake in United Spirits. The open offer closed on June 19. Pharma major Glaxosmithkline Pharmaceuticals saw a Rs 6,398-crore open offer by its foreign parent Glaxosmithkline, which closed on March 5. As per data from Prime Database, foreign entities made 16 open offers worth Rs 44,528 crore in FY14.
Source -
http://www.financialexpress.com
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