Foreign firms like Whirlpool, Singtel, and BAT sell stakes in Indian businesses amid India's booming equity market.
Foreign companies, such as Whirlpool Corp., Singapore Telecommunications Ltd., and British American Tobacco Plc., are selling their stakes in Indian businesses amid India's booming equity market. These firms are capitalizing on high equity valuations, attracting investors and contributing to increasing public shareholding in India's $4.5 trillion market. The proceeds from stake sales help reduce debt and invest in various sectors.
March 13, 2024
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