Jul 08, 2011, 07.06 PM | Source: CNBC-TV18
Speaking to CNBC-TV18 on their interests in India, the management of Temasek says that, so far, they have invested upward of USD 5 billion in the emerging economy.
Speaking to CNBC-TV18 on their interests in India, the management of Temasek says that, so far, they have invested upward of USD 5 billion in the emerging economy. Temasek’s investment are not strategic, but needs to seen as economic investments, says the company that does not consider itself as a sovereign fund.
Also read: Temasek's $3.6bn stake sale blow to China banks CNBC-TV18 learns that while the PE fund had poured in over USD 700 million into India in FY11, they had divested nearly USD 500-600 million of their India portfolio in the fiscal. The company currently has 7-8% of their global portfolio invested in India.
Getting sector specific, Temasek told the channel that they are bullish on the financial sector in India, and have accordingly, invested in the NSE. CNBC-TV18 learns that they are also looking at infrastructure, ports, power and the healthcare service sectors for opportunities to invest. Their strategy for investment is guided by their emphasis on the management, talent, ethics and governance standard, reports the channel. Real estate is off their charts since the sector is marred by governance issues, Temasek told.
TataTeleservice stock price
On April 28, 2016, Tata Teleservices (Maharashtra) closed at Rs 6.91, down Rs 0.35, or 4.82 percent. The 52-week high of the share was Rs 9.40 and the 52-week low was Rs 5.62.
The latest book value of the company is Rs -15.18 per share. At current value, the price-to-book value of the company was -0.46.
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