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Indian Economy

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CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS

Published On 07 Jul 2020 11:09 AM


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Highlights

• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement

• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically important

• Most of the investments are less than 1 percent, hence they don’t come under the scanner

As the ongoing disp....


Tags : China central bank, PBoC, HDFC, Piramal Enterprises, Ambuja Cement, RBI,
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