CHINA CENTRAL BANK INTERESTED IN STAKES OF INDIAN COMPANIES

Highlights:

• The People’s Bank of China (PBoC), the central bank of China, has a stake of 1% in HDFC, Indian mortgage finance major.
• PBoC also holds a stake of 0.32% in cement sector-major Ambuja Cement while 0.43% in Piramal Enterprise, Pharma sector major. 
• A new foreign investment rule released by India states that any investment from an entity from the country that shares a....
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  Tags : China, Indian companies, business, stakes, PBoC,

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