“The valuation of India has become very significant, and investors are taking their profit,” said Baudson in an interview during her recent visit to India. Amundi is a stakeholder in SBI Mutual Fund, owning 37% of the country’s largest asset manager. SBI owns 63%.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000