Global financial firms with big operations in London already know they will lose the biggest benefit of Britain’s EU membership: the ability to easily offer services to clients across the region from a single base
LIC, which had expressed concerns over valuation and debt situation of the entity post-merger, owns 9.06 percent shares in Cairn India as of June quarter and 3.9 percent in Vedanta as of March.
Ajay Piramal says that Indian growth will be higher than the rest of the world soon and adds that the financial services sector is ripe for investment with lucrative returns on offer.