Temasek Suffers 50% Loss Selling Entire Stake On Fame India

[SNAblog]

http://www.vccircle.com/500/news/temasek-exits-fame-india

VCCircle.com, 26 Sep 2009

Temasek Exits Fame India

The firm sold its 13.5% stake in Fame for over Rs 14cr to Gulshan Investment and Shail Investments.

Singapore’s sovereign wealth fund Temasek Holdings' has exited its investment in multiplex chain Fame India in two bulk deals on Friday.

The firm sold its 13.5% stake in Fame for a little more than Rs 14 crore to Gulshan Investment and Shail Investments. The identity of these two firms is not known.

Interestingly, Temasek had bought around 10% stake from PE firm India Value Fund in a secondary deal in 2005. The stake was then acquired at a share price of more than Rs 62.50. The stake was held by Temasek through two of its subsidiaries - Aranda Investments Mauritius Pte Ltd and Dunearn Investments Mauritius Pte Ltd. The shares of Fame India closed at Rs 30.75 on Friday, up by over 5%.

This will be the second open market exit for Temasek this year. Earlier, it sold its stake in container-freight stations’ operator Gateway Distriparks to a subsidiary of Allcargo Global Logistics.

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For more updated news, pls check out http://singaporenewsalternative.blogspot.com

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[makapaaa]

And this CCB die die still wanna gamble there with our blood and coffin money! Don't u feel like skinning him alive?

http://www.indiamicrofinance.com/mi...cquire-10-stake-in-spandana-microfinance.html


Temasek Holdings to acquire 10% stake in Spandana Microfinance

by Microfinance India on <ABBR class=published title=2009-09-02>September 2, 2009</ABBR>

Temasek Holdings the investment company owned by the government of Singapore which manages a portfolio of about US$134 billion is seeking to buy a 10% stake in Spandana Spoorthy Financial for 250 Crores valuing Spandana at 2500 Crores.Watch the NDTV Report below

 

[singveld]

it is not your money.
money you cannot spend, is not your money.

 

[nickers9]

At times I really pity Lee Hsien Loong, kanna forced to eat this by his parents(arranged marriage for what I know).

Reminds me of a song by Aerosmith.



aerosmith - dude (looks like a lady) sped up

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