Temasek Holdings

Singapore’s investment arm won’t opt for riskier bets

Singapore’s investment arm won’t opt for riskier betsA government official has said that the government of Singapore will not ask tis investment arm to take on riskier bets for higher returns.

The official said that Singapore sovereign-wealth fund GIC Pte. Ltd., and the state investment company Temasek Holdings Pte. Ltd will not be asked to buy riskier investments to increase revenues even as government expects spending increases to be higher than revenue growth in the coming decade.

Temasek to acquire 19.99% stake in Godrej Agrovet

Temasek to acquire 19.99% stake in Godrej AgrovetSingapore's sovereign wealth fund Temasek will buy 19.99 per cent stake in Godrej Industries' agriculture subsidiary Godrej Agrovet for Rs 572 crore.

The sovereign wealth fund will acquire the one-fifth of Godrej Agrovet through a combination of primary and secondary market transactions. The deal will value Godrej Agrovet at Rs 2,860 crore.

Godrej Industries said in a filing that the primary component would be utilized to support future expansion plans of Godrej Agrovet. However, the company didn't share details on the nature of that expansion plan.

GMR to see $200 million investment from Temasek

GMR to see $200 million investment from TemasekIndian infrastructure company, GMR Infrastructure is going to receive as much as $200 million as investment from Singapore's Temasek Holdings.

The agreement was reached on Friday and the Singaporean state investor is going to put this money into the power business of GMR. With this, it will expand its generation capacity as well.

Temasek has taken this decision looking at the huge potential and relatively very less competition in the Indian power sector.

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