You are here

Singapore's Temasek buys 10.16% stake in India's Intas Pharma

ALtemasek1011.jpg
Singapore's Temasek Holdings has bought a 10.16 per cent stake in Intas Pharmaceuticals, a privately-held Indian drugmaker, Intas said on Monday.

[MUMBAI] Singapore's Temasek Holdings has bought a 10.16 per cent stake in Intas Pharmaceuticals, a privately-held Indian drugmaker, Intas said on Monday.

Temasek bought the stake through a secondary purchase of shares from private equity firm ChrysCapital, according to the statement. The financial terms of the deal were not disclosed.

Temasek, the Singapore state investor, last month agreed to invest over US$80 million to buy a stake in the operator of KFC, Pizza Hut and Costa Coffee chains in India.

REUTERS