Singapore’s Temasek Holdings is exploring a $100 million investment in Indian jewellery maker BlueStone for a 20% interest.
The investment would value Bengaluru-based BlueStone, also backed by venture capital firm Accel and Indian industrialist Ratan Tata, at close to USD 500 million.
Temasek is doing due diligence on the transaction and a deal could be struck as early as July-September if talks are successful.
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