Zomato IPO Shows Foreign Investors Fueling India’s Tech Battle (Nikkei Asia

A list of 186 “anchor investors” that bought into Zomato’s initial public offering is a symbol of India’s stock market frenzy.

The list, which the food delivery company disclosed on July 13 ahead of its stock market debut, includes giant U.S. asset managers BlackRock and Fidelity as well as government-linked managers like the Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority — some of the biggest names in investing. READ MORE (GOOGLE CACHE)

Similar Posts:

• Why China’s Stock Market Tumble is Giving India’s a Lift (Nikkei Asia)
• India’s Fintech Unicorns Eye Southeast Asia Expansion (Nikkei Asia)
• India Emerges as China’s Tech Challenger with Record Unicorn Run (Nikkei Asia)
• Investor Sentiment Survey: What Emerging Market Investors Think (Franklin Templeton)
• India to Offer More Investment Options Through ADRs (The Asset)
• COVID Surge Puts Brakes on Thai and Malaysia Growth: Survey (Nikkei Asia)
• CLSA Equity Strategist Says India is the Best BRICs Investment Destination (LM)
• India Fund Managers Divided Over Whether Further Gains are Likely (FT)
• India’s Post-Election Outlook: A Fine Balance (PIMCO)
• Hermes’ Greenberg: Overweight in India But Avoiding Modi Stocks (FE Trustnet)