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Sovereign Wealth Funds Briefing - Categorized | Market

Singapore-based sovereign fund Temasek bullish on financial services

Posted on 12 July 2011

Manish KejriwalSingapore-based sovereign fund Temasek said that it is bullish about the financial sector opportunity in India. The company’s investment value rose to $193 billion in 2010-11, an $8-billion jump from its last year’s investment.
The Singapore-based privatelyheld fund raised over $3.5 billion by selling its stake in Bank of China and China Construction Bank Corporation, the two biggest banks of China. In India, Temasek has invested $5 billion since 2005………………………………………..Full Article: Source


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