There is a lot of news in recent months about foreigners increasing their control in Indian companies, both private as well as public sector companies, in some cases even buying them fully. You may recall some of the following news items:
:- Vodafone has applied for, and got permission, to increase its holding to 100 per cent.
:- Nestle is buying back its shares from the market to increase its holding from 62 to 75 per cent.
:- Cairn India is spending Rs 5,725 crore to increase its stake from 65 to nearly 75 per cent.
:- British pharmaceutical group GlaxoSmithKline Plc is increasing stake in its Indian subsidiary from 50.7 per cent to up to 75 per cent, spending Rs 6,400 crore.
:- Anglo-Dutch consumer goods company Unilever Plc has just completed increasing its stake in Hindustan Unilever Ltd upto 67.28 per cent.
:- Walmart has bought Airtel's complete share in their newly formed joint venture Indian company to launch retail malls. Walmart is now a 100 per cent owner of the Indian company.
:- The government is selling 100 per cent of public sector company Hindustan Zinc Ltd to controversial mining company Vedanta Resources Plc.
:- The government cabinet committee has also decided to sell 100 per cent of the public sector aluminium maker Balco. Vedanta already owns 49 per cent stake in this PSU - now it wants total control of Balco.
I wanted to investigate this trend further, in order to find out the full extent of: 1) total foreign holdings in Indian companies, 2) total foreign investment + debt exposure of the nation, and 3) government policy on this issue. Here is the summary:
:- Vodafone has applied for, and got permission, to increase its holding to 100 per cent.
:- Nestle is buying back its shares from the market to increase its holding from 62 to 75 per cent.
:- Cairn India is spending Rs 5,725 crore to increase its stake from 65 to nearly 75 per cent.
:- British pharmaceutical group GlaxoSmithKline Plc is increasing stake in its Indian subsidiary from 50.7 per cent to up to 75 per cent, spending Rs 6,400 crore.
:- Anglo-Dutch consumer goods company Unilever Plc has just completed increasing its stake in Hindustan Unilever Ltd upto 67.28 per cent.
:- Walmart has bought Airtel's complete share in their newly formed joint venture Indian company to launch retail malls. Walmart is now a 100 per cent owner of the Indian company.
:- The government is selling 100 per cent of public sector company Hindustan Zinc Ltd to controversial mining company Vedanta Resources Plc.
:- The government cabinet committee has also decided to sell 100 per cent of the public sector aluminium maker Balco. Vedanta already owns 49 per cent stake in this PSU - now it wants total control of Balco.
I wanted to investigate this trend further, in order to find out the full extent of: 1) total foreign holdings in Indian companies, 2) total foreign investment + debt exposure of the nation, and 3) government policy on this issue. Here is the summary: