The Government of Singapore, led by the Prime Minister, operates within a parliamentary system characterized by a strong executive branch. Renowned for its efficiency and transparency, Singapore’s government is structured to ensure political stability, economic growth, and social cohesion, with a focus on meritocracy, pragmatism, and long-term planning.
Here are the stocks in which the Government of Singapore made a fresh investment in Q3FY25:
1. IndusInd Bank
IndusInd Bank Limited (the Bank) is engaged in providing financial services. The Bank offers a wide range of products and services for individuals and corporations, including microfinance, personal loans, personal and commercial vehicle loans, credit cards, and small to medium enterprise (SME) loans.
With a market capitalization of Rs 75,723.82 crore, the shares were trading at Rs 972.00 per share, increasing around 1.14 percent as compared to the previous closing price.
Government Of Singapore bought 9,295,047 equity shares which is equivalent to 1.3 percent of the company as of December 2024.
The company’s revenue stood at Rs 12,686 crore in Q2FY24, during the same time frame, net profit stood at Rs 1,325 crore.
2. Petronet LNG
Petronet LNG Limited (PLL) is engaged in the sale of re-gasified liquefied natural gas (RLNG). The Company primarily operates in the business of importing and processing of liquified natural gas (LNG). It operates through the Natural Gas Business. Its Natural Gas consists mainly of methane and ethane, propane and butane.
With a market capitalization of Rs 48,757.50 crore, the shares were trading at Rs 325.05 per share, decreasing around 0.20 percent as compared to the previous closing price.
Government Of Singapore bought 19,376,931 equity shares which is equivalent to 1.3 percent of the company as of December 2024.
The company’s revenue stood at Rs 13,022 crore in Q2FY24, during the same time frame, net profit stood at Rs 848 crore.
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3. Endurance Tech
Endurance Technologies Limited has operations in India and Europe (Italy and Germany). In India, the Company predominantly caters to two three-wheeler original equipment manufacturers (OEMs), and its products include aluminum castings, suspensions, transmission, braking, and battery management systems.
With a market capitalization of Rs 29,470.27 crore, the shares were trading at Rs 2,095.10 per share, increasing around 3.19 percent as compared to the previous closing price.
Government Of Singapore bought 3,789,940 equity shares which is equivalent to 2.7 percent of the company as of December 2024.
The company’s revenue stood at Rs 2,913 crore in Q2FY24, during the same time frame, net profit stood at Rs 203 crore.
4. Vishal Mega Mart Ltd.
Vishal Mega Mart is a supermarket brand that provides products across three main categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). These products are available through its network of Vishal Mega Mart stores as well as its mobile application and website.
With a market capitalization of Rs 47,296.47 crore, the shares were trading at Rs 104.90 per share, decreasing around 1.50 percent as compared to the previous closing price.
Government Of Singapore bought 75,252,965 equity shares which is equivalent to 1.7 percent of the company as of December 2024.
The company’s revenue stood at Rs 5,033 crore in Q2FY24, during the same time frame, net profit stood at Rs 254 crore.
Written by Abhishek Singh
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