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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Indo-Oman fund exits Solar Inds; sells shares worth Rs 240 crore

Posted on 27 October 2015

Oman India Joint Investment Fund, a JV between SBI and Oman’s sovereign fund, today sold off its entire stake of 4.28 per cent in Solar Industries India Ltd for a little over Rs 240 crore. According to bulk deals data available with BSE, the special purpose vehicle (SPV) for promoting joint investment in projects in India sold 7,74,195 shares, amounting to 4.28 per cent stake of the company.
The investment fund was formed in 2011 by State Bank of India (SBI) and the State General Reserve Fund of Oman (SGRF)………………………………………..Full Article: Source


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