Temasek declined to comment. Quest Global didn’t respond to a request for comment.
Quest Global is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets. The firm was last valued at US$1.8 billion when Carlyle Group Inc acquired a stake in 2023, people familiar said at the time.
Quest Global provides engineering manufacturing and services to companies in aerospace and defence, automotive, energy, tech, health care and semiconductors, according to its website. Quest is shifting its domicile from Singapore to India to facilitate a listing, the Economic Times reported in September.
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