Temasek considers investing in jeweller BlueStone

Potential partnership: A Temasek Holdings employee walks along the corridor of its office in Singapore. The company has been investing US$1bil (RM4.4bil) annually in India over the past six years. — AFP

SINGAPORE: Singapore state investor Temasek Holdings is considering investing US$100mil (RM444mil) in Indian jeweller BlueStone for a stake of about 20%, two sources with direct knowledge of the matter tell Reuters.

The investment would value Bengaluru-based BlueStone, also backed by venture capital firm Accel and Indian industrialist Ratan Tata, at close to US$500mil (RM2.2bil), said one of the sources, who declined to be identified as the matter is private.