| Temasek, the Singapore government-owned sovereign fund, has started discussions with private equity (PE) entities to offload its stake in Bangalore-based Medreich Pharma.
Sources say Temasek is in discussion with US-based Advent International to sell its 25 per cent stake, which it bought for Rs 110 crore in 2005. It is looking for a valuation of Rs 250-300 crore. Rothschild is advising Temasek on the stake sale. Beside discussion with PE companies, Temasek is also considering stake sale in Medreich to a strategic investor...............................................Full Article: Source
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