Sovereign fund Temasek Holdings is in talks with Actis to acquire the latter’s stake in Bangalore-based retail chain Nilgiris Dairy Farm. Sources in the know, however, say a dispute between Actis and the promoters of Nilgiris is likely to disrupt the talks.
Temasek Holdings is expected to increase its investment in consumer-focused Indian companies. At a recent press briefing, Rohit Sipahimalani, head of Temasek India, had said the Indian consumption story remained intact. He added Temasek was keen on this segment. Early this year, Temasek had acquired 4.9 per cent stake in Godrej Consumer Products for Rs 685 crore. The company has also invested in Bharti Airtel, Tata Sky, the National Stock Exchange, GMR Energy and Tata Teleservices. Full story
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