block trade

Block trades led by global firms reach record $15 billion

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Block trades led by global firms reach record billion

International companies are seizing on the strength of India’s stock market to offload stakes in local subsidiaries to investors wanting to get in on the action. About $15 billion has been raised in secondary sales or block trades in India this year, a more than 150% surge from the same period in 2023, data compiled … Read more

Jefferies: It’s hard to be in India and not be excited: Jefferies CEO Richard Handler

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Jefferies: It’s hard to be in India and not be excited: Jefferies CEO Richard Handler

Last March when ports-to-cement billionaire Gautam Adani had his back against the wall following a short seller takedown on his conglomerate, Florida based GQG Partners took a $1.87 bet across three group companies. The investment decision to back the battered Adani Group stocks following Hindenburg Research’s scathing indictment was cutting against the grain — the … Read more