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 Holds up to 8% stake in Q4FY24.
Samhi Hotels Ltd
SAMHI Hotels Limited is an India-based firm that offers a hotel ownership and asset management platform. The Company’s hotels fall under the Upper Upscale and Upscale, Upper Mid-scale, and Mid-scale segments. It has a portfolio of over 31 functioning hotels with 4,801 keys and a broad geographic presence in 14 locations across India.
With a market capitalization of Rs 4,180.12 crore, on Friday, the shares closed at Rs 190.00 apiece, increased around 0.11 percent as compared to the previous closing price.
Government of Singapore bought 17,490,578 equity shares which is equivalent to 8 percent of the company as of March 2024.
The company’s revenue stood at Rs 268 crore in Q3FY24, during the same time frame, net profit stood at Rs (74) crore.
Shriram Finance Ltd
Shriram Transport Finance Company Ltd is part of the SHRIRAM Group conglomerate, which has a strong involvement in the financial industry. STFC is in the commercial vehicle lending market, focusing mostly on trucks ranging from preowned to new.
With a market capitalization of Rs 88,151.60 crore, on Friday, the shares closed at Rs 2,345.75 apiece, decreased\ around 0.67 percent as compared to the previous closing price.
Government of Singapore bought 22,926,619 equity shares which is equivalent to 6.1 percent of the company as of March 2024.
The company’s revenue stood at Rs 9,904 crore in Q4FY24, during the same time frame, net profit stood at Rs 2,021 crore.
Sapphire Foods India Ltd
Sapphire Foods is one of Yum! Brands Inc.’s major franchisees in the subcontinent, operate over 400 KFC, Pizza Hut, and Taco Bell outlets in India, Sri Lanka, and the Maldives.
With a market capitalization of Rs 8,958.99 crore, on Friday, the shares closed at Rs 1,405.70 apiece, increased around 2.52 percent as compared to the previous closing price.
Government of Singapore bought 4,994,265 equity shares which is equivalent to 7.8 percent of the company as of March 2024. The company’s revenue stood at Rs 631.70 crore in Q4FY24, during the same time frame, net profit stood at Rs 2.04 crore.
Written by:- Abhishek Singh
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