Temasek

The Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment

India remains an important long-term market for Singapore's global investor Temasek Holdings, despite the near-term pressures, a top company official has said here. "While near-term equity volatility and energy-related pressures may persist, we are constructive on the country's structural growth outlook -- supported by its large consumer market, infrastructure development, and growing middle class," Temasek said in a briefing on its latest financial performance on Wednesday. The state investor said its focus is on capturing opportunities in sectors such as consumer, financial services, and healthcare, where underlying structural growth trends remain strong in India. "India has done very well for us, although the last year has been challenging because of exchange rate volatility," said Temasek Chief Executive Officer Dilhan Pillay Sandrasegara in a video address. More than 40 per cent of Temasek's portfolio is made up of Singapore-based companies, including DBS, Singtel and Singapor

It will be one of two large share sales in India this year, along with an issue by billionaire Mukesh Ambani's Reliance Jio Platforms

The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore

All 190,000 shareholders of the exchange will be given the option to participate in the secondary sale as part of the IPO

Private equity firms like EQT AB, Kedaara Capital, Carlyle Group, and ChrysCapital are also reportedly in the fray to pick up a stake in egineering solutions provider Nash

French electric equipment maker will acquire Temasek's stake, gaining full ownership and expanding its India operations

Temasek Holdings increases its India exposure to $50 billion by March 2025, with plans to invest $3-4 billion annually, focusing on sectors like financial services, healthcare, and sustainability

Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years

India accounted for 8 per cent, or $26 billion, of Temasek Holdings' $324 billion portfolio at the end of March, up from 7 per cent in FY24 and 6 per cent in FY23, according to the annual report

Temasek and Peak XV Partners-backed Pine Labs has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth Rs 2,600 crore and an offer for sale (OFS) of more than 14.78 crore shares by investor selling shareholders, according to the draft red herring prospectus (DRHP) filed on Wednesday. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. The company plans a pre-IPO placement of shares aggregating to Rs 520 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 870 crore will be used by the company to repay debt and Rs 760 crore will

Shiprocket's IPO will include a fresh issue and offer for sale; proceeds to fund tech upgrades, acquisitions, and expansion of logistics and warehousing capacity

Logistics unicorn Shiprocket is preparing a ₹2,000-2,500 crore IPO comprising fresh issue and OFS, with proceeds likely to go into tech, warehousing, and expansion

For its partners and vendors, this merger means deeper relationships and wider opportunities; and for its customers, it means everything they love and a lot of new things to look forward to

This development comes weeks after Singapore-based investment firm Temasek acquired a 10 per cent stake in the company for approximately $1 billion

Other private equity players that were in the race to acquire a stake in the snacks major backed out, citing very high valuations

The sale is one of the largest recent transactions in India's FMCG sector and could pave the way for more foreign investment in the industry

Licious founders Abhay Hanjura and Vivek Gupta said in a statement that they are on their journey to being an IPO-ready company

Haldiram's Rs 90,000 crore valuation has sparked a race among investors, including PepsiCo, Temasek, and others, aiming to capitalise on India's booming ethnic snacks market

Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family