
High valuations trigger global investor cashout
NEW DELHI: The surge in repatriation or disinvestment by investors was driven by overseas players seeking to cash in on higher valuations in India. They exited through IPOs, stock market sales, and “private arrangements,” with Singtel’s share sale in Bharti Airtel, IndiGo co-founder Rakesh Gangwal’s sale through block deals in IndiGo parent Interglobe, and Hyundai’s…