Overview

• Temasek’s mark-to-market exposure in India has climbed to $50 billion over the past year, up from $35 billion, driven partly by indirect stakes such as its exposure to Airtel.
• The fund holds a 10 percent stake in Haldiram’s valued at around $10 billion to bolster its presence in India’s consumer sector.
• Its April 2023 investment raised its holding in Manipal Hospitals from 18 percent to 59 percent and it retains majority control after selling minority positions to Novo Holdings and Mubadala.
• Executives say opportunities in digitisation, sustainable living and AI-aligned industrial ventures will complement its core consumer and healthcare investments.
• India remains its best-performing market over the last decade, supported by predictable regulations and robust exit liquidity as the world’s second-largest IPO market in 2025.