MUMBAI: Singapore-based sovereign fund Temasek said that it is bullish about the financial sector opportunity in India. The company's investment value rose to $193 billion in 2010-11, an $8-billion jump from its last year's investment.
Temasek says financial services is the best proxy investment in a country like India. "For us, the broad areas of financial services like NBFCs and stock exchanges are important areas of interest," said Manish Kejriwal, senior managing director, Temasek Holdings Advisors India. Temasek was reportedly in talks to buy a 20% stake in Shriram Finance. It was in talks with private equity firm TPG for the stake buy. Full story
