Singapore's Temasek to back Godrej Capital with Rs 2,500 crore at up to Rs 28,000 crore value
Singapore-based Temasek will invest Rs 2,500 crore in the financial arm of Godrej Industries, valuing it at up to Rs 28,000 crore. The group keeps about 80% ownership.
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what happened
Godrej Industries said on Thursday that Temasek Holdings will invest Rs 2,500 crore (about $266.98 million) in Godrej Capital through an affiliate. The deal values the company at up to Rs 28,000 crore. According to Moody's, Godrej Industries will retain roughly 80% of Godrej Capital after the investment.
Pirojsha Godrej, chairperson of Godrej Industries Group, said financial services remain a long-term focus for the group. The group aims to grow Godrej Capital to assets under management of Rs 1 trillion by 2031, from Rs 35,000 crore as of October 31, 2026. The company operates in more than 100 cities and offers home loans, loans against property, working capital, construction finance and personal loans. Godrej Industries had earlier said it plans to list the financial services business within five years.
why it matters
The deal adds to a series of large transactions in India's financial sector, including Fairfax Financial's acquisition of a 60.7% stake in IDBI Bank and Bank of America's joint venture to buy 49.9% of Jio Credit. It signals continuing foreign investor interest in India's non-bank lenders, though the deal itself is modest in size.
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sources
- Temasek To Invest Rs 2,500 Cr In Godrej Capital At Rs 28,000 Cr Valuation — Moody's, 13 November 2026 at 05:31 UTC
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