Makes sense to buy Indian arms of global companies
For FIIs it makes commercial sense to buy Indian arms of globally listed companies
Why are foreign institutional investors (FIIs) buying into the Indian equity market when Indians are selling? This question is being asked frequently now. As on 30 September 2013, FIIs owned more than 20.7% of the companies that constitute BSE 500. It was in early 1990s when FIIs were given the permission to invest in India. In less than two decades since then, they have become the second largest owners of Indian equities after promoters. Their speed of gaining ownership over India Inc. is much faster than that of East India Company a few centuries ago.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more