GIC makes $500-mn bet on Indian company

By Priyal Mahtta

  • 13 Mar 2024
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Credit: Reuters

Singapore’s sovereign wealth fund GIC, a key institutional investor making private equity-style bets in India, has added an Indian company to its portfolio amid a market rout when key indices saw their steepest intra-day decline in about two years. The sovereign wealth fund, in an open market transaction, invested about $500.6 ......

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