Temasek in Talks to Invest in GMR, Indian Utilities

BusinessWeek, 6 Apr 2010
April 6 (Bloomberg) -- Temasek Holdings Pte Ltd., the Singapore state investment company, is seeking stakes in Indian power producers including GMR Group as they double capacity to meet demand in the world’s second-fastest growing major economy.
“We are in advanced discussions with GMR,” Wong Kim Yin, managing director for energy investments at Temasek, told reporters at a power conference in Singapore today. “We are trying to get exposure to the domestic India markets.” Full Story

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