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Sovereign Wealth Funds Briefing - Categorized | Investment

Singapore fund to buy 4.9pct stake in Godrej

Posted on 25 January 2012

Temasek Holdings, Singapore’s sovereign wealth fund, has agreed to buy a 4.9 per cent stake in India’s Godrej Consumer Products for Rs6.85 billion (Dh489 million).
Godrej will issue 16.7 million new preferential shares to Baytree Investments (Mauritius), a unit of Temasek, P. Ganesh, executive vice-president of finance at Godrej Consumer, said. Godrej will sell the shares at Rs410 a share, the company said in an exchange filing………………………………………..Full Article: Source


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