Temasek Holdings Pte is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about $7 billion including debt. The Singapore state-owned investor is poised to acquire about 20% in closely held VFS, … Read more
Temasek is paring its holding in Manipal Hospitals six months after it bought a controlling stake, but the Singapore sovereign wealth fund (SWF) will continue to hold 51% in the hospital chain, people aware of the development said. Temasek-owned Sheares Health is in advanced negotiations to sell 8-9% in Manipal Health Enterprises to Abu Dhabi … Read more
Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek Holdings Pte as the Indian conglomerate weighs postponing Tata Play Ltd.’s initial public offering, according to people with knowledge of the matter. Tata Group is contemplating whether to delay the planned Tata Play listing because of … Read more
Mumbai: Singapore’s sovereign fund, Temasek Holdings, will raise its stake in Manipal Health Enterprises to about 51% from the current 18%, making it the largest investor in India’s biggest hospital chain, people aware of the matter said. Temasek is set to make an investment of about ₹13,200 crore ($1.6 billion) to buy an additional 33% … Read more