Singapore state investor Temasek will buy a 5% stake in the National Stock Exchange of India (NSE) from NYSE Euronext (NYX.N) (NYX.PA), its second investment in an Indian firm in less than a month.
Temasek emerged as the buyer for NYSE Euronext’s (NYX.N) stake in NSE, a financial source told Reuters after Indian website VCCircle earlier reported that NYSE Euronext plans to sell its 5% stake in NSE for just over US$150 million ($206 million).
Singapore state investor Temasek Holdings (TEM.UL) said today it will buy a 5% stake in leading Indian bourse the National Stock Exchange of India (NSE).
“We see our investment in NSE as a good proxy to India’s economic growth and the development of its capital markets,” Manish Kejriwal, senior managing director at Temasek said in a statement.
Indian equities started trade on a strong note in the last session of the current fiscal Wednesday but slipped into the red as investors resorted to profit booking.
The sensitive index (Sensex) opened at 17,602.39 points, against the previous close at 17,590.17 points, and moved up to 17,699.50 points. But the index subsequently slipped and was [...]
Reliance Industries posted a net profit of Rs.4,008 crore (Rs.40.08 billion/$868 million) in the quarter that ended Dec 31, a 14.48 percent rise from the same quarter last fiscal.
Net sales grew 80.13 percent to Rs.56,856 crore from Rs.3,156.3 crore in the corresponding quarter last fiscal, the firm said in a regulatory statement to the National [...]
The Singapore government and its investment arm, Temasek Holdings, have been gradually reducing stake in ICICI Bank, their one of their biggest investments in India, by selling shares in the secondary market, reported Business Standard of India.
Business Standard said their collective stake has come down to 7.29% in the quarter ended September from nearly 9.27% in the quarter ended June and 9.91% in the quarter ended March, according to the latest shareholding pattern that the bank has filed with the National Stock Exchange.
The market remained cautious and turned weak after a promising start on Friday, with the benchmark Sensex falling by 83 points despite encouraging results announced by IT bellwether Infosys amid positive global cues.
The 30-share index was quoting at 16,760.78 points at 1015 hours, a net fall of 82.76 points or 0.49 per cent from [...]
