[ad_1]
Temasek said last week Profits from investments in the United States and India Temasek also said it was taking a cautious approach to the Chinese market amid trade tensions.
About 22% of Temasek’s investments are in the United States and 19% in China. In the last fiscal year, its investment in the Americas exceeded that in China for the first time in a decade.
Temasek invested $3 billion in India in the year ended March 31, its largest annual investment to date.
Bhandari also said Temasek would consider hiring more investment professionals in India, from the current 20, as its portfolio grows, but he declined to give specifics.
Temasek’s current investments in India include HDFC Bank, electric scooter maker Ola Electric, which is about to IPO, and Manipal Hospitals.
In April 2023, Temasek spent $2 billion to increase its stake in Manipal from 18% to 59% in India’s largest ever hospital sector deal. It later sold minority stakes to Novo Holdings, the parent of Novo Nordisk, and Abu Dhabi’s sovereign investor Mubadala.
Indian hospital chains and healthcare groups are seeing growing interest from foreign investors as many expand operations into smaller cities where demand for private healthcare is rising as overburdened public hospitals.
Bhandari said Temasek will continue to look for more investment opportunities in the healthcare sector as it believes the healthcare sector will be a “multi-decade” growth story in India.
[ad_2]
Source link
