14.10.2015 - Temasek takes primary stake in PolicyBazaar, buys stakes of Info Edge, Intel Capital
Singapore’s sovereign wealth fund Temasek is buying is buying stakes held by Intel Capital and Info Edge (India) Ltd. in eTechAces Marketing and Consulting Pvt Ltd., which controls online insurance policy aggregator PolicyBazaar.com. The process comprises a couple of steps. In the first, InfoEdge transferred its entire shareholding in PolicyBazaar to MakeSense Technologies, a company fully owned by eTechAces Marketing, for Rs 101.3 crore ($15.5 million). The second step was MacRitchie Investments Pte Ltd, a fully owned subsidiary of Temasek, agreeing to buy just under fifty per cent equity in MakeSense Technologies for about Rs 134 crore ($20.6 million)...............................................Full Article: Source
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