Temasek to buy Intel Cap's stake in Policybazaar: report

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 cl…