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Temasek takes haircut on partial stake sale in India portfolio firm

By Ankit Doshi

  • 21 Feb 2019
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Temasek takes haircut on partial stake sale in India portfolio firm
Credit: 123RF.com

Singapore state investment firm Temasek has taken a haircut by partially exiting an Indian company, in another instance of a bet that didn't likely yield the desired returns. Temasek sold a 0.44% stake--a little over a tenth of its holdings--in Glenmark Pharmaceuticals Ltd during the October-December quarter, stock-exchange filings show. It took ......

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