Rising valuations spur foreign firms to sell holdings in India
Wednesday, 13 March 2024
Foreign companies, including Whirlpool Corp and Singapore Telecommunications Ltd, are reducing holdings in their Indian businesses. British American Tobacco Pl alos plans to sell a stake in ITC Ltd. India's equity market is booming, attracting domestic investors and creating opportunities for large investors. Global funds have withdrawn a net $459 million from domestic shares since January 1.
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