Introduction:
The Government of Singapore acquired fresh stakes in three promising stocks during Q2, signaling strategic investments worth attention. As per recent filings, it publicly holds 63 stocks valued over ₹245,688.1 Cr, showcasing its significant presence in Indian equities.
United Spirits Ltd:
On Dec 13, United Spirits Ltd (NSE: UNITDSPR) stock opened at ₹1528.15, reached a high of ₹1529.00, and dropped to a low of ₹1482.85. It closed at ₹1513.25, down 0.83% from the previous close of ₹1525.95.
The Government of Singapore acquired a 1.5% stake in United Spirits Ltd., involving 1,05,27,452 shares, valued at ₹1,591.8 Cr. This investment highlights the company’s significant market presence and potential in the liquor industry.
United Spirits Ltd. is a leading alcoholic beverage company in India and a subsidiary of Diageo. It offers an extensive portfolio of premium spirits, including whisky, vodka, rum, and gin. The company focuses on innovation, quality, and sustainability, catering to diverse consumer preferences across domestic and international markets.
Info Edge (India) Ltd:
On Dec 13, Info Edge (India) Ltd’s stock opened at ₹8612.00, climbed to a high of ₹8716.85, and dipped to a low of ₹8475.50. It closed at ₹8709.00, showing a gain of 1.10% from the previous close of ₹8614.30.
Info Edge (India) Ltd. saw a 1.2% stake purchase by the Government of Singapore, comprising 16,08,186 shares, valued at ₹1,399.5 Cr. The investment reflects the potential in its tech-enabled platforms spanning recruitment and other online services.
Info Edge (India) Ltd. is a pioneering internet-based business that operates platforms such as Naukri.com, Jeevansathi.com, and 99acres.com. It specializes in recruitment, matrimony, and real estate services. Known for its innovative approach, Info Edge plays a vital role in shaping India’s digital ecosystem and addressing diverse consumer needs.
Power Finance Corporation Ltd:
On Dec 13, Power Finance Corporation Ltd’s stock opened at ₹507.00, touched a high of ₹507.35, and a low of ₹490.50. It closed at ₹504.20, marking a 0.70% decrease from the previous close of ₹507.75.
The Government of Singapore purchased a 1.1% stake in Power Finance Corporation Ltd., amounting to 3,47,79,886 shares, for ₹1,753.8 Cr. This emphasizes the company’s pivotal role in supporting India’s power sector growth initiatives.
Power Finance Corporation Ltd. is a government-owned financial institution supporting India’s power sector. It provides financial assistance for power generation, transmission, and distribution projects. Known for its robust financing solutions, the company plays a pivotal role in boosting energy infrastructure and enabling sustainable growth in the nation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
