Singapore government’s sovereign fund Temasek Holdings has sold 8.54 per cent stake in Welspun Global Brands Ltd in the markets for an estimated Rs 3.5-4 crore. The fund held 9.85 per cent stake, which now leaves it with 1.31 per cent stake.
The stake in Welspun Global is part of Temasek's investment in home textiles maker Welspun India Ltd. According to VCCEdge, the financial research platform of VCCircle, Temasek had acquired the stake for Rs 118 crore in April 2005. Later, one of its arms, Baytree, picked up 1.39 per cent more from the markets. Full story
