The Government of Singapore, led by the Prime Minister, operates within a parliamentary system characterized by a strong executive branch. Renowned for its efficiency and transparency, Singapore’s government is structured to ensure political stability, economic growth, and social cohesion, with a focus on meritocracy, pragmatism, and long-term planning.
Here are the stocks in which the Government of Singapore made a fresh investment in Q2FY25.
PNB Housing Finance Ltd.
Punjab National Bank (the Bank) is an India-based bank. The Bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The Bank’s product categories include personal, corporate, international, and capital services.
With a market capitalization of Rs 24,477.20 crore, the shares closed at Rs 942.00 per share, increased around 2.81 percent as compared to the previous closing price.
Government of Singapore bought 16,697,837 equity shares which is equivalent to 6.4 percent of the company as of September 2024.
The company’s revenue stood at Rs 1,868 crore in Q2FY25, during the same time frame, net profit stood at Rs 472 crore.
Ashok Leyland Ltd.
Ashok Leyland Limited is an India-based company that is engaged in automobile manufacturing. The main activities of the Company relate to manufacturing, sales, vehicle and housing finance, IT services, and services related to a wide range of commercial vehicles.
With a market capitalization of Rs 65,188.69 crore, the shares closed at Rs 222.00 per share, increased around 3 percent as compared to the previous closing price.
Government of Singapore bought 54,757,467 equity shares which is equivalent to 1.9 percent of the company as of September 2024.
The company’s revenue stood at Rs 10,724 crore in Q1FY25, during the same time frame, net profit stood at Rs 551 crore.
United Spirits Ltd.
United Spirits Limited is engaged in the business of manufacturing (including through tie-up manufacturing units), purchase and sale of beverage alcohol (including franchising of some of its brands in certain states), and other allied spirits. The Company operates through two segments: Beverage alcohol, and Sports.
With a market capitalization of Rs 1.05 lakh crore, the shares closed at Rs 1,448.70 per share, increased around 0.77 percent as compared to the previous closing price.
Government of Singapore bought 10,527,452 equity shares which is equivalent to 1.5 percent of the company as of September 2024.
The company’s revenue stood at Rs 2,844 crore in Q2FY25, during the same time frame, net profit stood at Rs 341 crore.
Written by:- Abhishek Singh
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