Aditya Birla Fashion raising Rs 2195 crore of primary capital from GIC
NEW DELHI: The board of Aditya Birla Fashion and Retail Limited (“ABFRL”) in its meeting today approved raising of up to Rs.2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (“GIC”). GIC will invest Rs. 770 crore now towards subscription of equity and warrants, […]
DLF-GIC joint venture to be ready for launch of its REIT in 15-18 months
NEW DELHI: Realty major DLF’s rental arm DCCDL has started the process of structuring its rent-yielding commercial assets in Real Estate Investment Trust (REIT) form but the timing to launch the public issue will be decided by the promoters. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s sovereign wealth […]
Reliance raises Rs 7,350 crore from GIC, TPG through retail unit stake sale
NEW DELHI:Reliance Industries Limited (RIL) on Saturday announced Rs 7,350 crore investments by Singapore sovereign wealth fund GIC and global private equity firm TPG Capital in its retail unit, taking the total fundraising in the last one month to Rs 32,197.50 crore. While GIC invested Rs 5,512.5 crore in Reliance Retail Ventures Ltd (RRVL) for […]
IHCL ties up with Singapore’s GIC to invest Rs 4,000 crore in hotel acquisitions
MUMBAI: Tata Group’s hospitality arm IHCL said it has tied up with Singapore’s sovereign wealth fund GIC to invest Rs 4,000 crore to acquire hotels. The Indian Hotels Company (IHCL) will put in 30 per cent equity in every such acquisition, while the rest will come from GIC, according to an official statement. Investments will […]
LIC, GIC show interest in buying Air India building in Mumbai
MUMBAI: Even as the government is yet to take a call on putting the 23-storeyed Air India building in the tony Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinced interest in the prime property, a senior airline official said on Friday. It can be […]