Joined: 09/Feb/2007
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Posted: 25/Sep/2007 at 1:33am
Originally posted by basant
Which private Bank will the foreigners buy?
3)JP Morgan Chase directly holds 19.27% in HDFC Bank. In addition to this it further holds 1.29% through its Asset management company. So if HDFC Bank is sold out we would know who has a head start.
Basantji, How is JP Morgan Chase able to hold more than 5% in HDFC Bank while HSBC was made to reduce its holding in Axis Bank ?
Be fearful when others are greedy and be greedy when others are fearful.
Joined: 01/Jan/2006
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Posted: 25/Sep/2007 at 7:38am
Maybe it is through the investmnt arm.
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Joined: 09/Feb/2007
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Posted: 25/Sep/2007 at 11:18am
Originally posted by basant
Maybe it is through the investmnt arm.
That is what does not make sense. How they are allowed to invest more than 5 % unless they are one of the original promoters of the bank, which I think they are not. I don't think there are one set of rules for everyone else and then another for JP Morgan Chase. Does anyone else have a clue ?
Be fearful when others are greedy and be greedy when others are fearful.
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Posted: 03/Oct/2007 at 3:48pm
Bought Axis Bank today in panic.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted: 03/Oct/2007 at 4:23pm
Panic means that the stock was panicking not me!!!
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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