The areas of investments being considered by Ingka Investments could range from taking stake in companies across sectors such as renewables, recycling, real estate, and software which synergise with IKEA's broader retail requirements. The investment arm has so far made just one minority equity investment in India, in start-up LivSpace - a one stop shop for all interiors - to test the waters.
This is in line with Ingka's decision to go for a second phase of expansion to be finalised this year, after it initially committed Rs 10,500 crore of foreign direct investment in 2012.
Ingka Investments has over 20 billion euros in financial assets under its management across the world.
هذه القصة مأخوذة من طبعة June 10, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 10, 2023 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
NSE shares up after bonus, dividend
The National Stock Exchange (NSE), the country's top bourse, has seen its market value soar by nearly 85,000 crore to 3.21 trillion after declaration of a four-for-one bonus issue and dividend of ₹90 per share.
China is the story of moment in EM equities: Wood
Christopher Wood, global head of equity strategy at Jefferies, is turning bullish on Chinese equities and believes China is the story of the moment in the emerging market equity space as things stand.
Sebi cracks whip on 2nd SME, bars promoter for diverting IPO funds
The Securities and Exchange Board of India (Sebi) on Friday barred Varanium Cloud and its managing director for allegedly diverting funds raised through initial public offer (IPO) to other entities and other fraudulent practices, the second such action by the markets regulator within a week.
Spike in SIP churn as investors rebalance
Registrations rose 48% in April, account closures 42%; experts say rotation at play
Ensure donations claimed in tax returns match Form 10BE figures
Retain Form 10BE and related documents for at least 4 years to validate Section 80G claims
SBI remains a bankable bet for long-term gains
Seen rising 22% over next year, but rally could be gradual, given rich valuations
Ahead of Paris Olympics, will Schengen visa woes ease?
Ahead of the 2024 Paris Olympics, which begin on July 26, more and more Indians are charting out trips to the Schengen countries, but the going hasn't been smooth.
The case of 'missing' numbers in CSR data
Companies listed on the NSE spent a record ₹15,524 cr on CSR programmes in 2022-23
A NEW MAUL GAME
Batters are mauling bowlers this IPL like never before, as the impact player rule effectively gives every team 12 players. Where is it taking the game?
IIP growth slows to 4.9% in March
Drop comes on the back of slowdown in mining output SHIVA