Temasek plans to invest another $9-10 billion in India, betting on consumer-led growth, AI applications, healthcare, financial services and renewable energy
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
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
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
Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion
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
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
Temasek's subsidiary Jongsong will acquire under 10% stake in Haldiram Snacks Food, now consolidated under HSFPL following a major FMCG merger in April
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
Temasek will acquire a stake in India's largest packed snack and sweets company and restaurant operator Haldiram Snacks Food through its arm Jongsong Investments Pte
Licious founders Abhay Hanjura and Vivek Gupta said in a statement that they are on their journey to being an IPO-ready company
Zulia Investments holds 1.37% stake in India's largest small finance bank
The Competition Commission of India (CCI) on Tuesday said it has cleared Ramon Investments Pte's, an arm of Temasek Holdings, a proposal to acquire a stake in Speed JVco. Singapore-headquartered Temasek is an investment company. As of March 2024, the sovereign wealth fund owns a Singapore Dollar (SGD) 389 billion portfolio of assets. "The proposed combination involves the acquisition of a certain stake of the target (Speed JVco) by the acquirer (Ramon Investments Pte Ltd)," CCI said in a release. Speed JVco, including its affiliates, provides visa outsourcing and related services -- offering visa application and consular services to governments and diplomatic missions. The company also provides travel-related services, including facilitation of travel itineraries and hotel reservations, facilitation of travel insurance and other ancillary services, such as providing sim cards and forex, among others. "Commission approves the acquisition of certain stake of Speed JVco S.a r.l. (Tar
Institutional global investors in recent years have been ramping up activity in the booming private credit market
Temasek Holdings, through its arm Jongsong Investments Pte, is acquiring a stake in Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens
The structure of the agency is being discussed with other authorities, but the goal is for it to operate like Singapore's Temasek as a state-owned investment firm, said Hadad, who has also served
The fintech company plans to deepen its reach in underserved markets and improve its technology with the latest capital infusion
Singapore's sovereign wealth fund Temasek Holdings has sought approval from the Competition Commission of India (CCI) for acquiring a stake in foodtech company Rebel Foods. Temasek Holdings, through its arm Jongsong Investments Pte, is acquiring a stake in Rebel Foods -- which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens. "The proposed transaction entails the subscription of certain compulsorily convertible preference shares and the acquisition of equity share capital of the Rebel Foods Pvt Ltd (Target)," said a notice filed with the CCI on October 11. The proposed transaction is in the nature of an acquisition of shares, voting rights and falls under the Competition Act, 2002, Temasek said in the notice. "...transaction does not give rise to any competition law concerns irrespective of the manner in which the markets are defined," it added. However, to help fair trade regulator CCI in its assessment of the proposed transaction, Temasek has identified several
The Singapore state investor is holding preliminary talks to buy from 10 per cent to 15 per cent in Haldiram's