Archaic FDI caps creating arbitrage opportunities for chosen few

Why would a healthcare major, even if it has cash coming out of its ears, want to invest $640 million for a 5.5% stake in a telecom company? It’s too small for any meaningful control in the company and, in any case, Piramal Healthcare has made it clear it plans to get out—when Vodafone lists or by selling the stake back to Vodafone.

Read Full Story>>