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31 Jan 2023  (265 Views) 
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Temasek Holdings


Temasek investment in Adani Group
Temasek made the following investments in the Adani group.

Adani Group is a major Indian conglomerate with interests in energy, resources, logistics, agribusiness, real estate, financial services, and defense. Temasek, Singapore's sovereign wealth fund, has invested in Adani Group both directly and indirectly.

* Direct investments include a $150 million investment in Adani Green Energy Limited in 2017, a $300 million investment in Adani Ports and SEZ Limited in 2018, and a $240 million investment in Adani Transmission Limited in 2019.
* Indirect investments include a $100 million investment in Adani Enterprises Limited through its subsidiary, Adani Investment Management, in 2017, and a $200 million investment in Adani Logistics Limited through its subsidiary, Adani Capital, in 2018.

These investments are made before 2020.

The prices paid by Temasek at that time are probably below the current price of the Adani listed companies (even after allowing for the sharp drop in the few days before Jan 30, 2023.
See the charts below.
 


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