As to a media source, Temasek continues to invest in Adani Ports and the Special Economic Zone
According to a media source, despite condemnation from a US-based forensics research agency, Singaporean investor Temasek Holdings (Private) Limited continues to own shares in Adani Ports and Special Economic Zone.
According to their most recent public ownership filings, Temasek "remains engaged in Adani Ports," according to a representative for the 49-year-old state-owned investment, which as of December 2022 had USD 496.59 billion in assets under management.
According to shareholder information provided by the firm, Temasek holds little more than 1.2% of Adani Port via its subsidiary Camas Investments, according to the Singapore broadsheet.
In 2018, the shareholding was purchased for around SGD 147 million.
The Temasek official said that the company declines to comment on market rumors.
A joint venture between the Adani Group and Wilmar International, which is listed on the Singapore Stock Exchange, operates the edible oil and food company Adani Wilmar in India.
According to prior media sources, the Group has a presence in Singapore that dates back more than 20 years, and Adani Singapore serves as the regional headquarters for its activities in Southeast Asia.
The Adani Group is reportedly in talks with Singaporean investors, such as Temasek and the Government Investment Corp (GIC), to raise $10 billion in order to finance its $100 billion expansion over the following ten years, of which $70 billion will go toward the clean energy, port, and cement industries.
On September 27, 2022, Group Chairman Gautam Adani gave a speech at the Forbes Asia conference in Singapore, outlining his big investment goals.
I anticipate the flow of FDI into India to further accelerate and soar over USD 500 billion over the next 15 years, making India by far the world's fastest-growing destination for FDI, he said in his remarks at the conference, highlighting the rising global trust in India.
On Sunday, the Adani Group responded to claims of stock manipulation and accounting fraud made by the forensics research company Hindenburg Research, located in New York.