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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek bets big on Indian e-commerce

Posted on 31 July 2014

Unlike several foreign equity investors who have been struggling to exit from India investments, Temasek Holdings Pvt. Ltd, the investment arm of the Singapore government, is focusing on new investments in the country’s e-commerce sector. In India, Temasek has investments in traditional firms such as Bharti Airtel Ltd, GMR Energy Ltd, Tata Teleservices Ltd and National Stock Exchange Ltd.
After investing an undisclosed amount in Snapdeal.com in May, the firm is ready to stay invested in the e-commerce sector in India for the long term even as several firms jostle for the top slot. Snapdeal raised about $100 million from Premji Invest, Temasek and BlackRock Inc………………………………………..Full Article: Source


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