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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek agrees to buy stake in India’s Godrej Consumer Products

Posted on 23 January 2012

P. GaneshTemasek Holdings Pte, Singapore’s sovereign-wealth fund, has agreed to buy a 4.9 percent stake in India’s Godrej Consumer Products Ltd. for 6.85 billion rupees ($136 million).
Godrej will issue 16.7 million new preferential shares to Baytree Investments (Mauritius) Pte, a unit of Temasek, P. Ganesh, executive vice president of finance at Godrej Consumer, said in a phone interview today. Godrej will sell the shares at 410 rupees a share, the company said in an exchange filing………………………………………..Full Article: Source


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