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Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.
Promoter entity QSR Asia was the seller in Restaurant Brands Asia, offloading 12.54 crore shares, equivalent to 25.36 percent of paid-up equity.
Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.
FTSE will rejig its indices on September 15 as part of its semi-annual review. The changes will be effective from September 18.
Some experts view the current sell-off as a buying opportunity, especially for long-term investors.