Page 2 - Temasek Holdings

Temasek nears deal to acquire a significant minority stake in VFS Global

Blackstone will remain the majority shareholder in VFS after the transaction, the people said. Considerations are ongoing and no final decisions have been made, they added

Temasek's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr

V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value. According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41 per cent stake, in Godrej Agrovet. The shares were disposed of at an average price of Rs 785.13 apiece, taking the deal value to Rs 212.77 crore. After the stake sale, V-Sciences Investments' holding in Godrej Agrovet has declined to 6.36 per cent from 7.77 per cent. Details of buyers of Godrej Agrovet's shares could not be identified. In May 2022, Temasek trimmed its stake by selling 40 lakh shares of agri firm Godrej Agrovet for Rs 197 crore. Prior to that, the Singaporean global investment company in Febru

Temasek investments in Americas cross bets on China first time in decade

It is also planning to increase its bets on India, which accounted for 7% of its portfolio in March

Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report

Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding

Temasek Holdings exits PB Fintech, sells entire 5.4% stake for Rs 2,425 cr

Singaporean sovereign wealth fund Temasek Holdings on Thursday sold its entire 5.42 per cent stake in Policybazaar's parent firm PB Fintech for Rs 2,425 crore through open market transactions. Temasek Holdings' wholly-owned subsidiary Claymore Investments (Mauritius) Pte Ltd sold the shares of PB Fintech in three tranches on the BSE. According to the block deal data, Claymore Investments (Mauritius) Pte offloaded a total of 2,44,30,015 shares, representing a 5.42 per cent stake in PB Fintech. The shares were disposed of at an average price of Rs 992.8 apiece, taking the combined deal value to Rs 2,425.41 crore. Meanwhile, US-based financial services company Capital Group, through its various affiliates, acquired the shares of PB Fintech in seven tranches. The stock of PB Fintech fell 0.59 per cent to close at Rs 996.90 apiece on the BSE. PB Fintech was co-founded by Yashish Dahiya and Alok Bansal in 2008. The company operates online insurance aggregator Policybazaar and credit ..

M&As register huge drop in 2023, overall deal values halve to $66 billion

Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach, a report said on Friday. From a volume perspective, there were 1,641 deals -- a drop of more than 20 per cent over 2022 -- the report by consultancy firm Grant Thornton Bharat said. The firm's partner Shanthi Vijetha said lack of liquidity in international markets, volatile market conditions, and cautious investor sentiment hindered deal activities in 2023. "As India's emphasis on sustainability and environmental responsibility positions it as an attractive hub for opportunities in the global economy, we must first overcome challenges such as currency strength and global instability," Vijetha added. Merger and acquisition deal values dropped 72 per cent to USD 25.2 billion across 494 transactions, impacting the overall number the most, the report said. Outbound M&As were at USD 3.2 billion -- as against USD 17.9 billion in the year-ago period -- were ..

Temasek plan to sell stake in Tata Play delayed over firm's valuation

Tata Sons is offering a lower valuation than $1 billion made for Tata Play

MO Alternates, Temasek, Paragon to invest Rs 800 crore in Niva Bupa

Health insurer Niva Bupa on Thursday said a clutch of private equity funds have committed to invest Rs 800 crore in the company. India Business Excellence Fund IV (MO Alternate Investment Advisors), Temasek and Paragon Partners Growth Fund II will be investing the money for a minority stake in the company, as per an official statement. The announcement comes within a fortnight of homegrown private equity major True North announcing a 20 per cent stake sale in the company to Bupa for Rs 2,700 crore, making the UK-headquartered company a majority owner in the company. "This latest injection of capital will play a pivotal role in propelling the company towards its long-term ambitions and strategic objectives," True North's partner Divya Sehgal said. True North had earlier said that future growth options for the company, in which it continues to hold a minority stake, could also include the public listing. The company's chief executive and managing director Krishnan Ramachandran said

Infosys announces five-year extension of its JV pact with Temasek

India's second largest IT services company Infosys on Thursday announced a five-year extension of its joint venture collaboration with Temasek, a global investment firm headquartered in Singapore. The extension underlines the shared objective of creating impactful digital transformation and investing in digital talent in Singapore, a statement said, announcing that Infosys and Temasek have extended the digital services joint venture for a period of five years. Infosys Compaz -- Infosys-Temasek joint venture (JV) company -- has collaborated with large corporations in Southeast Asia on their digital transformation journeys, leveraging deep technology expertise across cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others. Meanwhile, Infosys in a filing said that based on the recommendation of the nomination and remuneration committee, its Board approved the appointment of Nitin Paranjpe as an additional and independent director ...

Mubadala in talks with Temasek for stake buy in Manipal Hospitals

The fund is holding talks with Singapore's Temasek, which spent $2 billion in April to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal in India

Temasek Holdings seeks strategic partners to deploy $5 bn a year in India

The state investor is planning to hire another four to five investment professionals, bringing its India team to more than 20 people, Temasek India head Ravi Lambah said

Top headlines: Adani's bankers at Barclays cautious, Chandy passes away

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Temasek Holdings looking to invest $10 billion in India in 3 years

Temasek, an early investor in Indian firms like Zomato, Tata Play, and Ola, plans to invest in climate-aligned opportunities such as renewable energy and companies engaged in decarbonisation efforts

Temasek plans to step up investment in India technology, retail firms

EvolutionX Debt Capital, a growth-stage debt financing platform jointly established by Temasek and DBS Bank, provides financing to growth-stage technology-enabled companies

Temasek Holdings Pte posts worst return in 7 years as markets slump

Temasek's Chief Executive Officer Dilhan Pillay highlighted risks ranging from economic decoupling to protectionism and costs tied to energy security and transition

Tata Group weighs buying Temasek Holdings' stake in Pay TV platform

Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions, the people said

Temasek cuts pay of staff after failed investment in crypto exchange

The sovereign wealth fund also said it was "disappointed with the outcome of our investment, and the negative impact on our reputation"

Temasek buys majority stake in Manipal Health in largest wellness deal

Takes stake from promoters, TPG, NIIF at Rs 40,000 crore enterprise value

In search of funding, Vodafone Idea dials KKR and Temasek Holdings

Talks are currently in the early stages

Primary market revival is still some time away, say analysts

Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode