look news india
Mumbai: Taking advantage of the current boom in the Indian stock market, foreign companies are seen selling their shares in their subsidiaries in India to local investors through block deals. According to a research report, about $ 15 billion has been raised through block deals so far in the current year.
The amount raised in the current year is about 150 per cent more than the amount raised by companies through block deals in the first half of 2023. Apart from this, five billion dollars have been raised through public offering, which is double the amount raised in the first six months of last year.
After the Lok Sabha elections, the flow of funds raised through block deals and public offerings is expected to continue, with domestic institutional investors and foreign investors continuing to invest.
India is providing a profitable option to investors moving away from China. So far in the current year, the Sensex has risen by 11 percent. The Sensex is currently 118 percent higher than in 2020. Whereas during this period the Shanghai index has declined by 8 percent.
The report says that after the current boom in the Indian market, foreign companies do not want to miss the opportunity of listing here. Especially companies in the technology sector are exploring vast possibilities in India.
Apart from institutional investors, retail investors of the country also do not want to miss the current boom and retail investors have been investing money in equity mutual funds for the last 40 months.
