Foreign fund investment in Indian capital market grew 4-fold to over R1.63 lakh crore in 2012, with the financial services and software sectors cornering bigger pie, Parliament was informed on Tuesday. Foreign Institutional Investors (FIIs) invested R1,63,350 crore in equity and debts combined last year against R39,353 crore infused in 2011, finance minister P Chidambaram said in a written reply to the Rajya Sabha. FII investment in 2010 was over R1.79 lakh crore. Government has been making concerted efforts to attract greater foreign investment into India with special thrust on availability of off-shore funds for infrastructure development, Chidambaram said. During 2012, FII inflow stood at over R1.27 lakh crore in equities, against an outflow of R2,714 crore in 2011. As for debt, they infused R34,989 crore in 2012, less than R42,067 crore in 2011. The FII investment in 2012 was the largest in financial services sector at R48,516 crore, followed by software and services sector at R15,045 crore. The investment in pharma sector was at R7,556 crore, food and beverages at R6,161 crore and automobile R5,319 crore last year. Investment in realty sector was R196 crore.
Sebi opens regional office in Hyderabad
Market regulator Sebi on Tuesday opened its local office in the city as part of its efforts to reach out to investors across the country. The local office was inaugurated by Sebi chairman UK Sinha. As part of its decentralisation of work to regional offices, the Mumbai-headquartered Sebi is opening new local offices in different regions of the country. To establish an office in Hyderabad was decided by Sebis board in 2011. In August, Sebi had said it would open five more local offices at Chandigarh, Jaipur, Indore, Patna or Bhubaneswar and Bangalore or Kochi in the current fiscal. Sebi is looking to strengthen its regional offices since physical proximity of the regulators office to investors and intermediaries would promote deepening and broadening of the securities market.
Hubtown promoter gets 50,000 pledged shares
Hemant M Shah, executive chairman and a promoter of Hubtown, a Mumbai-based real estate company, has got 50,000 of the pledged shares, released from L&T Finance. After the release of these shares, the number of total pledged shares by the company stands at 55.40 lakh shares against 55.90 lakh shares earlier.