SUBSCRIBERS
Temasek to buy Intel Cap's stake in Policybazaar: report
Add BT as a preferred source
Angela Tan
Published Fri, Jun 12, 2015 · 09:50 PM
Singapore
SINGAPORE investment company Temasek is acquiring from Intel Capital, the investment arm of tech major Intel, a near 8 per cent stake in insurance web aggregator Policybazaar.com for around 1.1 billion rupees (S$23.1 million), The Times of India reported.
The newspaper quoted sources close to the transaction as saying the deal, which values Policybazaar upwards of 15 billion rupees, would be closed in the next two to three weeks.
Copyright SPH Media. All rights reserved.
