Singapore state investor Temasek Holdings said on Friday that its India head, Manish Kejriwal, has decided to step down to explore the creation of a new fund in India, the latest in a series of changes in the investment firm's management. The fund will not be capitalised by Temasek, a source familiar with the matter told Reuters. “Manish is doing his own thing,” the source said. Kejriwal, the son-in-law of Rahul Bajaj, chairman of Bajaj Auto, is teaming up with Sunish Sharma, managing director of General Atlantic, to start a private equity fund, trade publication VCCircle reported on Friday. “Kejriwal and Sharma are likely to raise a fund which will focus on large-sized growth deals,” the publication said, citing three sources. […]