Tuesday, June 19, 2007

Goldman Sachs, Fidelity May Be Forced to Cut Stakes in Indian Exchanges

(Bloomberg) -- Goldman Sachs Group Inc. and
Fidelity International Ltd. may be forced to pare their stakes
in India's biggest commodity exchanges should the government
push through a plan to cap investment.

The Reserve Bank of India may limit ownership in the
commodity bourses to 5 percent for a single investor, mirroring
rules set for stock exchanges, Yashwant Bhave, secretary at the
Department of Consumer Affairs, said in a June 14 interview.


Read more at Bloomberg Exclusive News

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