IANS | 20 Sep, 2023
As India-Canada diplomatic tensions escalate, shares of companies
with investments from Canadian pension funds fell in trade on Wednesday,
as per media reports.
Canada
Pension Plan Investment Board’s (CPPIB) portfolio stocks, including
Kotak Mahindra Bank, Zomato, Nykaa and Indus Towers, fell as much as 2.4
per cent. On the other hand, Delhivery was in green, up 0.5 per cent,
as per media reports.
According
to data from National Securities Depository Limited (NSDL), foreign
investments into India from Canada rank among the top 10.
Canadian
foreign institutional investors (FIIs) hold around Rs 46,306 crore
worth of Indian equities, data showed, media reports said.
Stock-wise,
CPPIB holds a 2.68 per cent stake in Kotak Mahindra Bank, 2.3 per cent
in Zomato, 1.47 per cent in Nykaa, 2.18 per cent in Indus Towers, and 6
per cent in Delhivery.
The
Central government on Wednesday issued an advisory for the Indian
nationals and students residing in Canada, saying that in view of
growing anti-India activities and politically-condoned hate crimes and
criminal violence in Canada, all there and those contemplating travel
are urged “to exercise utmost caution”.
The
advisory from the Indian government came a day after Canada on Tuesday
issued a travel advisory to its citizens, urging them to exercise "high
degree of caution" while travelling to India citing terrorism threat.
