The government of Singapore held a stake of just over 1 percent in Reliance Industries , the energy-based conglomerate controlled by Mukesh Ambani, India’s richest person. Reliance is India’s most valuable company, and the Singapore government’s stake would be worth about $498 million based on the company’s Monday closing price.
Singapore operates two of Asia’s biggest sovereign wealth funds, the Government of Singapore Investment Corp, known as GIC, and Temasek Holdings………………………………………..Full Article: Source