India gets $ 5 Mn in first QFI deal

India has received its first investment through the qualified framework investor (QFI) route, putting an end to doubts that the country’s attempt to get investors to buy shares directly will be a non-starter. Kotak Mahindra Bank has concluded the deal worth $5 million for a US-based client, said a finance ministry official.
http://economictimes.indiatimes.com/news/economy/finance/india-gets-5-million-in-first-qfi-investment-kotak-mahindra-bank-seals-deal-for-us-based-client/articleshow/15113303.cms

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