Grapevine: GIC buys IT park from Phoenix; Livspace eyes Sequoia-backed firm

Singapore sovereign wealth fund GIC has bought an information technology-special economic zone (IT-SEZ) from the Phoenix Group, said a media report.  The deal was valued around Rs 1,050 crore, The Economics Times reported, citing people with knowledge of the matter. The IT park is spread over 1.1 million sq ft in Hyderabad’s Gachibowli locality. The ......