Because like Nehru,they too believe “profit is a dirty word” !
Some stuff I am reading today morning:
Another rate cut on the cards for India (Bloomberg)
Infosys founders raise governance concerns (Money Control)
PSU banks in for a tough time( ET)
Air India plans listing (Mint)
Modi gets going on labour reforms (FE)
Equity-Life changers or Life maimers (Gaurav)
Do you really want wealth? (Subramoney)
A shout out for The Moneylife Foundation (Moneylife)
Momentum in name only (Pension Partners)
Indicators of a Chinese collapse (DR)
The initial public offer (IPO) of Avenue Supermarts, the owner of DMart, which is likely to be floated in the next few weeks, is expected to command a valuation of 18,000 crore, much higher than the earlier expectation of `7,000 crore
According to sources, domestic fund houses are queuing up to meet the company management, which has already conducted roadshows overseas. “I am hearing that the management is very selective in the kind of investors it wants to attract and hence is not giving meetings easily ,“ said an analyst with a leading insurance company .-from ET
This post is in continuation of my coat tailing series (see here)
To know what other top investors are buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter
Aberdeen is one of the largest FPI investors in the Indian Equity markets.
It’s top 5 holdings in India as on 31 December,2016 as per Stock Exchanges is given below:
Company Name | Symbol | Entity Name | # of Shares | % | Value (In Crores) |
Grasim Industries Limited | GRASIM | ABERDEEN GLOBAL INDIAN EQUITY LIMITED | 15252065 | 3.27 | 1420.27 |
Bosch Limited | BOSCHLTD | ABERDEEN GLOBAL INDIAN EQUITYLIMITED | 387907 | 1.27 | 871.23 |
Grasim Industries Limited | GRASIM | ABERDEEN EMERGING MARKETS FUND | 8825060 | 1.89 | 821.79 |
Godrej Consumer Products Limited | GODREJCP | Aberdeen Global Indian Equity Limited | 5278586 | 1.55 | 817.94 |
Hero MotoCorp Limited | HEROMOTOCO | ABERDEEN EMERGING MARKETS FUND | 2538035 | 1.27 | 816.19 |