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Keyword: mumbaiindex

World's Big Financial Players Flocking to India(Market Liberalization Accelerates)

07/06/2005 7:22:00 AM PDT · by TigerLikesRooster · 12 replies · 696+ views
Hankuk Kyong-je Shinmun (S. Korean Business Daily) ^ | 07/05/05

/begin my translationWorld's Big Financial Players Flocking to India-- Market Liberalization Accelerates --On 14th of last March, American investment firm Warburg Pincus put on sale its 6% holding of an Indian telecom company, Bharti, at Indian stock market. Buy orders had instantly poured in and were all sold out in 26 minutes. The sale price was $560 million, the largest in Indian stock market history, and the whopping 477% earning ratio for the company.Major financial players of the world are converging to India. Global private equity fund, the Carlyle Group, and the Blackstone Group of U.S. recently opened their Indian...

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