The Hindu Business Line : Templeton's emerging markets fund invests $10 m in High Polymer

TSEMF II, which primarily invests in unlisted companies in emerging markets, is the second strategic equity fund managed by Templeton Asset Management Ltd. It is a limited duration company incorporated in the Cayman Islands and is available only to institutions and sophisticated investors.

TAML, whose emerging markets investment team managed over $20 billion as on September 30, is a subsidiary of Franklin Resources, Inc.

HPL's products have diverse applications, including in pharmaceutical intermediates, agrochemicals and water treatment, a press release issued here has mentioned, adding that the it's R&D centre has "gained recognition" from the Department of Scientific and Industrial Research of India.

The release also quotes Dr Mark Mobius, MD of TAML, who refers to HPL's research capabilities. The latter is said to be capable of being "leveraged for global chemical majors across developed markets".

The company, it is pointed out, is aiming at securing a position among the top global players for certain product lines. Its investments and business strategy over the next five years is expected to play a major role on this front.

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