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Singapore’s state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company.
Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years.
In March, Temasek bought a 10% stake in Haldiram’s at a valuation of around $10 billion, with sources describing it as a “prized asset” that will help investors expand its focus on…
