Temasek in talks with GMR for India power
After selling off its stakes in Singaporean power companies, Singapore SWF Temasek Holdings is reported to be in late stage talks with India's GMR Infrastructure to invest some $150 million in its power unit, GMR Energy.
Utilities transactions made up 13% of all private equity investments in India in 2009, demonstrating that the need for power across the subcontinent also doubles as a target for private equity firms. GMR...
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