BVI-registered Passport Global Master Fund is one of 4 investors to acquire 5% stake in Delhi Stock Exchange
The government of India, has approved the proposal of the British Virgin Islands-registered company Passport Global Master Fund SPC Ltd., to buy a 5% stake in Delhi Stock Exchange for the amount of Rs 10.61 crore ($2.5 million).
The BVI company became one of 4 foreign investors that have picked up 5 per cent stake in DSE. Other purchasers are Mauritius-based Wilmette Holdings, Kuwait-based Noor Financial Investment Company, Kuwait Privatisation Projects Holding and Ikarus Industrial Petroleum Company of Kuwait.
It is interesting that, having accepted the proposal of Passport’s BVI entity, government had rejected the proposal of Passport Investments, Mauritius, to invest in DSE.