SNA - Temasek to buy 4.9 percent stake in India's FMCG company

Jan. 21 (Bloomberg) -- Temasek Holdings Pte, Singapore’s sovereign-wealth fund, has agreed to buy a 4.9 percent stake in India’s Godrej Consumer Products Ltd. for 6.85 billion rupees ($136 million). Godrej will issue 16.7 million new preferential shares to Baytree Investments (Mauritius) Pte, a unit of Temasek, P. Ganesh, executive vice president of finance at Godrej Consumer, said in a phone interview today. Godrej will sell the shares at 410 rupees a share, the company said in an exchange filing. Full story Related: Temasek arm takes 5% stake in Godrej Consumer - The Hindu Business Line

Full article: http://singaporenewsalternative.blogspot.com/2012/01/tema...

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