Temasek to buy Intel Cap’s stake in Policybazaar: Report

Visual from the policybazaar.com

Singapore’s state investment fund Temasek Holdings Pte is set to buy the 8 per cent stake that Intel Capital currently holds in India’s insurance web aggregator Policybazaar.com for around $17.2 million (Rs 110 crore), a report said.

The deal values the insurance aggregator at 1500 crore ($235 million). For Intel Capital, which had picked up the stake in Policybazaar.com in April 2011 for about Rs 30 crore, the deal will see it get a return of close to four times its investment.

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