25.01.2012 - Singapore fund to buy 4.9pct stake in Godrej
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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