<p>Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report.</p>.<p>Temasek “remains invested in Adani Ports, as per their latest public shareholding disclosures”, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has $496.59 billion in assets under management as of December 2022.</p>.<p>Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company’s shareholder information.</p>.<p>The stake was acquired in 2018 for around SGD 147 million.</p>.<p>The Temasek spokesman also said the group does not comment on market speculation.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/fraud-cannot-be-obfuscated-by-nationalism-hindenburg-hits-back-at-adani-1185905.html" target="_blank">Fraud cannot be obfuscated by nationalism: Hindenburg hits back at Adani</a></strong></p>.<p>The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International.</p>.<p>The Group has had a presence in Singapore for over 20 years, and Adani Singapore is the headquarters for operations in the Southeast Asia region, according to earlier media reports.</p>.<p>Media has also reported the Adani Group’s talks with Singapore investors, including Temasek and the Government Investment Corp (GIC), to raise $10 billion to fund its $100 billion expansion over the next decade, $70 billion of which would be for clean energy, ports and cement businesses.</p>.<p>Group Chairman Gautam Adani had addressed the Forbes Asia’s conference in Singapore on September 27, 2022, listing out his ambitious investment plans.</p>.<p>In his speech to the conference, he highlighted the growing global confidence in India, saying, “I expect the flow of FDI into India to further accelerate and rise above $500 billion over the next 15 years, making India by far the world’s fastest-growing destination for FDI.”</p>.<p>On Sunday, the Adani Group rebutted allegations by the New York-based forensics research firm, Hindenburg Research about stock manipulation and accounting fraud.</p>
<p>Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report.</p>.<p>Temasek “remains invested in Adani Ports, as per their latest public shareholding disclosures”, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has $496.59 billion in assets under management as of December 2022.</p>.<p>Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company’s shareholder information.</p>.<p>The stake was acquired in 2018 for around SGD 147 million.</p>.<p>The Temasek spokesman also said the group does not comment on market speculation.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/fraud-cannot-be-obfuscated-by-nationalism-hindenburg-hits-back-at-adani-1185905.html" target="_blank">Fraud cannot be obfuscated by nationalism: Hindenburg hits back at Adani</a></strong></p>.<p>The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International.</p>.<p>The Group has had a presence in Singapore for over 20 years, and Adani Singapore is the headquarters for operations in the Southeast Asia region, according to earlier media reports.</p>.<p>Media has also reported the Adani Group’s talks with Singapore investors, including Temasek and the Government Investment Corp (GIC), to raise $10 billion to fund its $100 billion expansion over the next decade, $70 billion of which would be for clean energy, ports and cement businesses.</p>.<p>Group Chairman Gautam Adani had addressed the Forbes Asia’s conference in Singapore on September 27, 2022, listing out his ambitious investment plans.</p>.<p>In his speech to the conference, he highlighted the growing global confidence in India, saying, “I expect the flow of FDI into India to further accelerate and rise above $500 billion over the next 15 years, making India by far the world’s fastest-growing destination for FDI.”</p>.<p>On Sunday, the Adani Group rebutted allegations by the New York-based forensics research firm, Hindenburg Research about stock manipulation and accounting fraud.</p>