There are 29 BSE500 companies where foreign portfolio investors own at least 33 per cent or a third of the stake. They included HDFC where FPI ownership stood at 72.22 per cent at the end of June quarter. Shriram Transport, Zee Entertainment, Apollo Hospitals, Axis Bank and IndusInd Bank are some stocks where FPI ownership is in excess of 50 per cent.
Three top Canadian pension funds, including Caisse de dépôt et placement du Québec (CDPQ), and leading local insurers such as Life Insurance Corp and HDFC Life are among the frontline investors likely to buy into the infrastructure investment trust (InvIT) of the National Highways
“Short term investors are in a very risky zone as the broader market has cooled down. People who do not have a very long term horizon, should be wary of hospital and diagnostic stocks which have very high valuations, at this point of time.”
Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (₹22,500 crore), said people in the know.