GIC tastes another lemon as it exits shipping firm with big haircut
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GIC tastes another lemon as it exits shipping firm with big haircut

By Ankit Doshi

  • 14 Oct 2019
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GIC tastes another lemon as it exits shipping firm with big haircut
Credit: VCCircle

Singapore sovereign wealth fund GIC Pte Ltd, one of the most active foreign investment firms in India, has exited a local shipping company with a huge haircut. GIC sold its entire 7.77% stake in Mumbai-based Mercator Ltd recently, taking home a meagre Rs 3 crore. The Singapore firm had invested roughly Rs ......

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