27.04.2011 - Relaxed sovereign fund rules will benefit only Singapore govt

The Singapore government, which runs sovereign funds Temasek Holdings and the Government of Singapore Investment Corporation or GIC, will be the sole beneficiary of a recent relaxation in takeover rules for sovereign funds, said a person familiar with the Sebi board's decision. Other funds from countries such as China, Oman and Malaysia will not be entitled to such benefits, said the person who did not want to be identified..............................................Full Article: Source

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