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المشهد العربي
BNP Paribas Completes $1.9B Share Deals in India
BNP Paribas executed a $1.9 billion equity transaction in India, as part of the MSCI index rebalancing operations. This deal accounted for approximately half of the total value of the auction-related transactions, which totaled $4.2 billion. The trades were carried out during the closing auction, with the French bank handling most of them on behalf of international institutional investors, including Millennium Management Fund. The Indian market has seen increased hedge fund activity facilitated by French banks, benefiting from tax advantages after the removal of previous tax preferences that were previously reserved for capital from Mauritius and Singapore.
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