Temasek's Indian Surge: A Warning to Pessimists and Opportunism for Optimists Temasek Holdings' remarkable streak in India has left many industry observers wondering what drives its success on the subcontinent.
The recent IPOs of three portfolio companies Shiprocket, Milky Mist, and Molbio Diagnostics have seen their shares surge by over 30%, with Temasek holding significant stakes in all three.
The impressive numbers contrast sharply with the sentiment among other foreign investors, who have been selling off Indian equities in droves.