Daily Market Updates: Temasek-backed Indian bets jump after IPOs

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Temasek-backed Indian bets jump after IPOs

Three Temasek portfolio companies in India rose more than 30% in recent listings, reflecting sharp early market interest after their IPOs.

Reported · Written up by our desk · M&A & Deals

CNBC Markets reports that Singapore state investor Temasek is seeing strong gains in India, with three of its portfolio companies surging more than 30% in recent IPO listings.

The outlet says the spike follows contrarian positions Temasek took in India, which are now being rewarded as the newly listed companies attract investor attention.

CNBC World also characterizes the move as a hot streak for Temasek in India, highlighting the scale of the post-IPO jumps across its holdings.

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Sources

CNBC MarketsSingapore's Temasek is on a hot streak in India as three bets surge after IPOs

CNBC WorldSingapore's Temasek is on a hot streak in India as three bets surge after IPOs

US Markets

Temasek-backed Indian bets jump after IPOs

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