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Temasek Holdings

RBI allows Temasek subsidiary to raise stake in AU Small Finance Bank

Zulia Investments holds 1.37% stake in India's largest small finance bank

RBI allows Temasek subsidiary to raise stake in AU Small Finance Bank
Updated On : 13 Feb 2025 | 12:27 PM IST

Temasek's arm Ramon gets CCI's approval to acquire stake in Speed JVco

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

Temasek's arm Ramon gets CCI's approval to acquire stake in Speed JVco
Updated On : 17 Dec 2024 | 9:44 PM IST

Singapore's Temasek establishes $7.5 billion private credit entity

Institutional global investors in recent years have been ramping up activity in the booming private credit market

Singapore's Temasek establishes $7.5 billion private credit entity
Updated On : 06 Dec 2024 | 1:04 PM IST

Temasek Holdings gets CCI nod to acquire stake in foodtech firm 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

Temasek Holdings gets CCI nod to acquire stake in foodtech firm Rebel Foods
Updated On : 26 Nov 2024 | 8:29 PM IST

Indonesian prez Prabowo plans new state investment firm like Temasek

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

Indonesian prez Prabowo plans new state investment firm like Temasek
Updated On : 22 Oct 2024 | 1:19 PM IST

Temasek's Fullerton picks up controlling stake in Lendingkart for Rs 252 cr

The fintech company plans to deepen its reach in underserved markets and improve its technology with the latest capital infusion

Temasek's Fullerton picks up controlling stake in Lendingkart for Rs 252 cr
Updated On : 18 Oct 2024 | 8:40 PM IST

Temasek seeks CCI approval to buy stake in foodtech firm Rebel Foods

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

Temasek seeks CCI approval to buy stake in foodtech firm Rebel Foods
Updated On : 16 Oct 2024 | 10:45 PM IST

Temasek in talks to pick minority stake in Haldiram's at $11 bn valuation

The Singapore state investor is holding preliminary talks to buy from 10 per cent to 15 per cent in Haldiram's

Temasek in talks to pick minority stake in Haldiram's at $11 bn valuation
Updated On : 04 Oct 2024 | 11:51 PM IST

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 nears deal to acquire a significant minority stake in VFS Global
Updated On : 15 Sep 2024 | 7:03 PM IST

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's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr
Updated On : 13 Sep 2024 | 11:53 PM IST

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

Temasek investments in Americas cross bets on China first time in decade
Updated On : 09 Jul 2024 | 4:06 PM IST

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

Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report
Updated On : 30 Apr 2024 | 10:25 AM IST

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 ..

Temasek Holdings exits PB Fintech, sells entire 5.4% stake for Rs 2,425 cr
Updated On : 01 Feb 2024 | 8:29 PM IST

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 ..

M&As register huge drop in 2023, overall deal values halve to $66 billion
Updated On : 19 Jan 2024 | 1:12 PM IST

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

Temasek plan to sell stake in Tata Play delayed over firm's valuation
Updated On : 28 Nov 2023 | 10:44 PM IST

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

MO Alternates, Temasek, Paragon to invest Rs 800 crore in Niva Bupa
Updated On : 13 Oct 2023 | 12:09 AM IST

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 ...

Infosys announces five-year extension of its JV pact with Temasek
Updated On : 12 Oct 2023 | 11:59 PM IST

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

Mubadala in talks with Temasek for stake buy in Manipal Hospitals
Updated On : 28 Sep 2023 | 11:28 PM IST

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

Temasek Holdings seeks strategic partners to deploy $5 bn a year in India
Updated On : 19 Jul 2023 | 1:24 PM IST

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

Business Standard brings you the latest headlines at this hour

Top headlines: Adani's bankers at Barclays cautious, Chandy passes away
Updated On : 18 Jul 2023 | 9:41 AM IST