The Union government is holding discussions to set up a sovereign wealth fund that might be structured on the lines of funds set up by non-oil exporting nations such as Singapore, Vietnam, and Malaysia.
Tentatively named ‘Investment Management Company’, the sovereign wealth fund may also become a holding company for assets in all public sector undertakings, including nationalised banks, government sources, on the conditions of anonymity, said. The ‘Investment Management Company’ may not be a listed entity and could be partly funded by the Union ...
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First Published: Wed, January 10 2018. 03:50 IST
