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With DLF deal, GIC turns aggressive

GIC announced plans to buy 33.34% in real estate major DLF's rental arm for $1.39 billion

Business Standard 

With DLF Deal, GIC Turns Aggressive

Last week, Singapore's sovereign fund announced plans to buy 33.34 per cent in real estate major DLF's rental arm for $1.39 billion.

This was the fifth made this year and invested $1.69 billion, compared $257 million it deployed across seven deals in 2016.

With a few more in the works, seems to have turned aggressive in India.
With DLF Deal, GIC Turns Aggressive

First Published: Thu, August 31 2017. 02:10 IST
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