Templeton Emerging Markets Share News (TEM)

The Pru holds a series of meetings on June 7 at which shareholders will vote on the deal and the rights issue. Thiam and his colleagues are trying hard to persuade their largest shareholders that this deal is in their best long-term interests, but there is a chance that the entire transaction will be voted down. If it is approved, investors have until June 17 to decide what to do. Cheques for the new shares must be received by June 22. The Daily Mail's Midas will look at this deal again if it is approved at the meeting. In the meantime, do nothing.The largest holding in Templeton Emerging Markets IT, at 6.9pc, is India's Sesa Goa, the iron ore subsidiary of Vedanta. This is followed by Brazilian mining giant Vale and Brazilian bank Itaú Unibanco. The fund remains a long-term core holding in the Questor portfolio, says the Telegraph.JP Morgan Indian IT's shares have fallen 11pc since their high on May 13 - a significant fall in just over a week. Long-term buyers should find this a good time to buy into the Indian growth story. The Telegraph's Questor continues to be bullish on the Indian growth story and believes global setbacks present a buying opportunity for investors.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.