After HDFC, People's Bank of China invested in these bluechips last fiscal
ET has learnt from a source in the know on the condition of anonymity that PBOC further raised its stake by 10 basis points in Asian Paints to 0.33%
At the end of March 2020, PBOC held around Rs 4,418 crore worth of stakes in HDFC, Asian Paints and Ambuja Cements.
At a time when Chinese investments in Indian equities are in the crosshairs, a sift through the latest available annual reports of Nifty 50 companies reveals that People’s Bank of China (PBOC) increased stake by 25% and 34.3% in Asian Paints and Ambuja Cements respectively in the previous fiscal year. The Chinese central bank held 30.9 lakh shares in Asian Paints and 62.8 lakh shares in Ambuja Cements or 0.32% stake in each of the two