Bangladesh crisis: 12 listed Indian companies with exposure on troubled zone
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Sheikh Hasina's ouster as Bangladesh Prime Minister following violent protests over job quotas has not just made India's neighbourhood vulnerable to security risks, the crisis also has ramifications for Indian companies, many of which are listed on stock exchanges. The impact of the political turmoil was seen in shares of Saffola edible oil manufacturer Marico. The stock fell over 4% as its sales in Bangladesh, from where it earns around 11-12% of revenue, may be impacted. A number of other companies like Pearl Global Industries, Emami, Bayer Corp, GCPL, Britannia, Vikas Lifecare, Dabur, Asian Paints, Pidilite, Jubilant Foodworks and Bajaj Auto have presence in Bangladesh. Pearl Global Industries, which derives around one-fourth of its revenue from the troubled zone, said its Bangladesh facilities are currently temporarily non-operational due to curfew. The shares were down over 3%. Similarly, shares of Emami dropped over 4%. Bang...