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Sovereign Wealth Funds Briefing - Categorized | Investment

Bajaj Corp sells 8% stake to Temasek: Sources

Posted on 26 November 2014

Bajaj Corp has sold 8 percent stake in the company to Temasek, CNBC-TV18 learns from sources. The stake sale has been done to close equity funding for Bajaj Corp’s 2,000 MW power plant in Uttar Pradesh.
This power plant has been based on BHEL’s technology and is expected to go live in January next year, sources add. It is further learnt that any further stake sale is unlikely………………………………..Full Article: Source


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