Tag: GIC

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, […]

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 […]

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