Temasek has invested the money through the conversion of its 1.01 crore warrants.
These funds make up a third of the total wealth of such funds globally, of about $8 trillion, and have a large exposure to energy assets globally
At the end June 2019, the RBI's foreign exchange (FX) reserves amounted to about $422 billion. This is around 15 per cent of GDP way below the 26 per cent of GDP level of FX reserves in 2007-08
A divestment by an investor worth more than $1 trillion would be a major blow to polluting fossil fuels
The overall FPI equity holdings have declined by Rs 46,000 crore in January alone
The fund is tentatively named 'Investment Management Company'. It may not be a listed entity and could be partly funded by the Union Budget
Since 2005, at least 40 sovereign funds have been created