Goldman Sachs (GS) has gotten the nod from the Indian government to help it raise money by...


Goldman Sachs (GS) has gotten the nod from the Indian government to help it raise money by creating and launching ETFs of state-run companies, according to a senior official. The government initially aims to have 15-20 state-run firms in a basket of ETFs. Remember, this program was only made necessary by the government's inability to interest P-E and other investors in buying stakes. Price matters. Caveat emptor.

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