| If the plunge in crude oil prices was expected to dampen West Asia-based sovereign funds' ability to make large investments, it is not reflected in India yet. It has enthused their interest as they shift their focus from European markets to emerging ones, where returns are better.
Last week, Kuwait Investment Authority invested $300 million in debt-laden GMR Infrastructure by subscribing to foreign currency convertible bonds. Abu Dhabi Investment Council made two large investments in the year - $300 million in Altico Capital, a non-banking financial company which lends to realty players, and $265 million in ReNew Power...............................................Full Article: Source
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