Indian Government seeks cap on Temasek, GIC holdings in listed companies
Posted on 01/26/2009
According to the Economic Times, “The finance ministry has proposed that a key agreement between India and Singapore be amended to prevent two Singapore government-owned investment entities — Temasek and GIC — from together holding more than 10% equity stake in any publicly-traded Indian company. Under the current SEBI regulations, a foreign institutional investor (FII) […]
