 "GIC buys units in Data Infrastructure Trust for Rs 933 cr via open market")
Singaporean sovereign wealth GIC on Tuesday bought units in Data Infrastructure Trust for Rs 933 crore through an open market transaction.
GIC through its wholly-owned subsidiary Anahera Investments Pte purchased 6.06 crore units of Data Infrastructure Trust (DIT) on the BSE.
Data Infrastructure Trust (DIT) is a Sebi-registered Infrastructure Investment Trust (InvIT) that provides passive telecom infrastructure services.
According to the bulk deal data available with the BSE, Anahera Investments Pte Ltd acquired 60,600,000 units, amounting to a 2.33 per cent of total units in DIT.
The units were picked at an average price of Rs 153.95 apiece, taking the transaction value to Rs 932.94 crore.
Meanwhile, private sector lender Axis Bank sold the same number of units at the same price.
The unit of Data Infrastructure Trust gained 0.69 per cent to close at Rs 153.95 apiece on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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