India's bell-weather blue-blooded company, HDFC Ltd, saw it's stock price fall 40% from highs reached in late Jan. Guess who is the new entrant in the latest shareholding pattern, having bought 17.5 mn shares? None other than our friendly neighbourhood 'PEOPLE'S BANK OF CHINA'.

I'm pretty sure that HDFC Ltd is not the only company they have bought into. As the announcement of March quarter Shareholding patterns of various companies starts trickling in, we will see that the Chinese might have bought stakes in many such top Indian companies.