You are here: Home » Specials » PE/VC
Business Standard

GIC pips Brookfield to buy stake in Provenance Land

GIC has also formed a non-banking finance company with US investor KKR

Raghavendra Kamath & Ranju Sarkar  |  Mumbai 

Singaporean sovereign fund GIC pipped Canadian investor Brookfield to emerge as the front-runner to buy a significant stake in Adarsh Jatia-owned Provenance Land, which owns Four Seasons Hotel & Residences in Worli area of Mumbai. The deal size is expected to be around Rs 1,000 crore — the biggest transaction in the hospitality sector this year. For GIC, this is the second-biggest deal in real estate this year after it entered into an agreement with DLF to buy a 40 per cent stake of promoters in rental arm DLF Cybercity Developers (DCCL). Though the company is yet to ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
First Published: Thu, August 03 2017. 00:29 IST
RECOMMENDED FOR YOU