Temasek Holdings , Singapore's state-owned investment company, has invested Rs 140 crore in Bangalore-headquartered cancer care provider HealthCare Global Enterprises (HCG). The deal, which closed this week, values the company around Rs 1,000 crore, with HCG's founder and chairman BS Ajaikumar retaining a 26-28% stake, according to a person with direct knowledge of the deal. Temasek joins existing investors Premji Invest, an investment entity owned by Wipro chairman Azim Premji , and Milestone Religare in a primary equity issuance by the company. "We are pleased to invest in this firm which has redefined cancer care in India," said Rohit Sipahimalani, who heads the India practice for Temasek. The investment firm's $157-billion portfolio counts Bank of China , telecom firm Airtel and Singapore Airlines among its major companies. Temasek's investment in HCG has also paved the way for Dubai-based alternative investment house Evolve...
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