Infosys and ICICI Bank are PBOC's biggest portfolio holdings in India. The Chinese central bank owns 0.8% of Infosys, worth ₹4,678 crore, and 0.7% of ICICI Bank, worth ₹4,583 crore at current prices. It also owns a 0.24% stake in TCS, valued at approximately ₹3,157 crore, and a 0.4% stake in Bajaj Finance, worth ₹1,928 crore. Other portfolio companies include Maruti Suzuki India Ltd, Asian Paints Ltd, Tata Steel Ltd and Kotak Mahindra Bank Ltd.
A person who has dealt with PBOC in the past said the Chinese central bank has been cautious about keeping its holdings below the 1% threshold in companies that require public disclosure, aiming to prevent the kind of backlash it faced in 2020 after it became known that its investments exceeded 1% in Housing Development Finance Corp., the then parent of India's largest private lender, HDFC Bank Ltd.
Diese Geschichte stammt aus der October 12, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der October 12, 2023-Ausgabe von Mint Mumbai.
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