Posts Tagged ‘FDI’

Sumitomo Mitsui (SMBC) intention to invest Rs 1,366 crore for 4.5% stake in Kotak Mahindra Bank

Comments Off | 07-3-2010

Sumitomo Mitsui Banking Corporation (SMBC), a Japanese bank, reported that it intends to invest Rs 1,366 crore in an investment for the acquisition of a 4.5% stake in Kotak Mahindra Bank (KMB), the Indian private sector lender.  Kotak agreed on an investment deal that will see it sell 164 million shares at 833 Indian Rupees

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Posted in Banking Sector India, FDI news India, Finance Investment India, General, India Sector Investments | Read More

Foreign Direct Investment tripled in the last financial year – FDI India

Comments Off | 06-24-2010

Reports from the Indian Commerce Ministry revealed a tripled increase in foreign direct investments (FDI) inflows into the country in the last fiscal year ended March. According to the Indian Commerce Minister, Kamal Nath, the increased FDI was as a result of huge investments that were undertaken in the country by major foreign investors.  FDI

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Posted in FDI news India, General | Read More

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