| 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
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