| Investment venture Temasek Holdings has bought around 1% in India’s Just Dial in the last couple of weeks for around $13-$14 million. This is not the first time for Temasek to invest in Just Dial Ltd but for the second time. Just Dial Ltd, “Which runs the India-specific local business listings site Justdial.com and is slowly morphing into an e-commerce marketplace,” says the report in VCCircle.
Singapore-based Temasek started to invest outside Singapore only in 2002-2003. It does not want to be called fund-raising as it funds from its own money and has its own balance sheet and pays taxes like a company. It makes investment through its own divestments or earning through dividends...............................................Full Article: Source
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