India's first major QFI equity deal sparks hope
South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.
South African group Sanlam has completed the first major direct equity investment into an Indian firm via the country’s recently revamped qualified foreign investor (QFI) scheme. It is hoped this may pave the way for more such transactions to access Indian stocks.
The $111 million share purchase in listed Shriram Transport Finance was finalised last week, increasing its shareholding to 10%, from 7% previously.
It comes after the QFI programme, which was launched in 2011 to a…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.