Singapore state investor Temasek will buy a 5% stake in the National Stock Exchange of India (NSE) from NYSE Euronext (NYX.N) (NYX.PA), its second investment in an Indian firm in less than a month.

Temasek emerged as the buyer for NYSE Euronext’s (NYX.N) stake in NSE, a financial source told Reuters after Indian website VCCircle earlier reported that NYSE Euronext plans to sell its 5% stake in NSE for just over US$150 million ($206 million).

“We see our investment in NSE as a good proxy to India’s economic growth and the development of its capital markets,” Manish Kejriwal, senior managing director at Temasek said in a statement.

Temasek did not say how much it will pay for the stake. A NYSE Euronext spokesman had no comment.

The move comes less than a month after Temasek invested US$200 million in the power business of India’s GMR Infrastructure (GMRI.BO).

On Saturday US investor Warren Buffett said he plans to visit India next March, and would not rule out the country for possible future investments.