Temasek to Invest $267 Million in Godrej Capital
Godrej Industries said Temasek Holdings will invest 25 billion rupees ($266.98 million) in Godrej Capital through an affiliate, valuing the business at up to 280 billion rupees. Godrej Industries will retain about 80% ownership.
India's Godrej Industries NSE:GODREJIND on Thursday said Temasek Holdings will invest 25 billion rupees ($266.98 million) in Godrej Capital through its affiliate, valuing the financial services business at up to 280 billion rupees.Godrej Industries will retain about 80% ownership following the deal…