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Thermax family office shifts focus from global to Indian equities

Nishtha Asthana
The family office of India’s Thermax Group is looking at a staggered increase in the allocation to Indian equities, citing unique growth opportunities and favourable valuations compared to developed global markets.
Thermax family office shifts focus from global to Indian equities

Mephezalea, the single-family office of India’s Thermax Group, has become more bullish on Indian equities, reflecting a shift from its earlier global focus, according to Amol Sathe, head of global investments at the firm.

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