GIC

Realty major DLF's rental arm DCCDL will utilise Rs 1,100 crore raised through issue of non-convertible debentures (NCDs) to retire costly debt and reduce interest expenses, a senior company official said. DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and Singapore's sovereign wealth firm GIC, on Tuesday announced raising of Rs 1,100 crore through NCDs. DLF, in a regulatory filing, had said that the securities allotment committee of the Board of DCCDL has approved allotment of 1,10,000 NCDs for an aggregate principal amount of Rs 1,100 crore on a private placement basis to eligible investors. These NCDs have been issued at a coupon rate of 6.91 per cent per annum payable quarterly. When contacted, DLF's Vice Chairman and MD (Rental Business) Sriram Khattar told PTI, "We continuously review our treasury portfolio to lock in better interest costs. The current proceeds are being used primarily to reduce higher cost borrowing." DCCDL's net debt was Rs 17,

Investment firm 3G Capital and Singapore's sovereign wealth fund GIC have sought approval from the Competition Commission of India (CCI) to acquire footwear and apparel company Skechers. "The proposed transaction is an indirect acquisition of all the outstanding shares and sole control of the Target by affiliates of investment funds managed by 3G Capital partners LP (3G Capital), ie, the acquirers (Beach Acquisition Co Parent, LLC and Beach Acquisition Merger Sub, Inc)," a notice submitted with the CCI on June 26 stated. GIC has also sought clearance from the competition watchdog to invest capital, to be utilised to partly finance the proposed transaction. After the completion of the transaction, GIC Investment will be entitled to certain rights in Skechers. The parties said the proposed transaction meets the thresholds specified under section 5(a)(i)(A) of the Competition Act, 2002 and is being notified pursuant to the agreement and plan of merger on May 4, 2025 executed by and ..

Fair trade regulator CCI on Tuesday cleared Singapore's sovereign wealth fund GIC's proposed acquisition of a 2.14 per cent stake in IPO-bound Billionbrains Garage Ventures, the parent company of investment tech unicorn Groww. GIC, through its affiliate, Viggo Investment Pte (GIC Investor), is acquiring a stake in Groww. "The proposed combination relates to the acquisition of 2.143 per cent shareholding in Billionbrains Garage Ventures Ltd (Groww) by Viggo Investment Pte Ltd (GIC Investor) pursuant to the execution of, inter alia, a Deed of Adherence and Share Subscription Agreement dated 28th April 2025," the Competition Commission of India (CCI) said in a release. Groww, which operates an online trading platform, offers stock trading, mutual fund investments and other financial instruments. The company also has an asset management business. "CCI approves acquisition of shares of Billionbrains Garage Ventures Limited by Viggo Investment Pte Ltd," the regulator said in a post on ..

DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF and GIC, has clocked 11 per cent growth in office rental income to Rs 3,874 crore during the last financial year on better demand for workspaces and rent escalation. The rental income from office space stood at Rs 3,497 crore in the preceding year. DLF holds nearly 67 per cent stake in the JV firm DCCDL while Singapore's sovereign wealth fund GIC has the remaining equity shareholding. According to an investors' presentation of DLF, the DCCDL's rental income from retail real estate properties grew 6 per cent to Rs 880 crore last fiscal year from Rs 828 crore in the 2023-24 financial year. DCCDL has an operational rental portfolio of 43 million sq ft, of which 39 million sq ft area is office space and 4 million sq ft retail real estate. Another 12 million sqft area is under construction. These commercial assets are primarily located in Gurugram, Noida, Chennai, and Hyderabad. DLF holds bulk of its rent-yielding renta

RE projects valuations take a hit due to volatile stock markets

Lim and Sood say they are bullish on infrastructure, consumer, technology, and healthcare sectors, and see opportunities in Indian despite global uncertainties

We have been trying to reduce the underwriting losses. The domestic business has more or less remained where it is, said Ramaswamy Narayanan

GIC has begun the registration for 110 Assistant Manager (scale 1 officer) posts. Graduates and postgraduates can register for these posts at gicre.in. The deadline of the application is Dec 19

The Singaporean sovereign wealth fund is in initial discussions with financial advisers to help evaluate a full or partial sale of its holding in Greenko

Blackstone, together with consortium partners Abu Dhabi Investment Authority and Singapore's GIC, have been in discussions for several months with the Agrawal family members based in Delhi and Nagpur

D-Slls are insurance companies which are perceived as 'too big or too important to fail'(TBTF) based on their size, market importance, and domestic and global interconnectedness

Sterlite Power and global investment firm GIC will set up a joint venture for developing and operating power transmission projects in India, a statement said on Wednesday. The joint venture (JV) will focus on developing and operating power transmission projects in the country. Private power transmission developer Sterlite Power will own the majority 51 per cent stake and GIC will own the remaining 49 per cent shareholding, the statement said. Sterlite Power and an affiliate of GIC have announced the signing of definitive agreements to set up a new platform to develop and operate power transmission projects in India. This JV signals global confidence in India's growth vision, Sterlite Power Managing Director Pratik Agarwal said in the statement. "With GIC as our partner, we are poised to play a leading role in India's transmission sector, starting with the USD 13 billion bid pipeline," he added. Ang Eng Seng, Chief Investment Officer of Infrastructure at GIC, said India is a key .

The projects are still under development and the transfer into the Sterlite Grid 32 Ltd. joint venture has been agreed, the people said, asking not to be identified because the matter isn't public

The trust is an infrastructure investment trust (InvIT), a special investment vehicle in which IRB Infra holds a 51 per cent stake and 49 per cent equity is held by affiliates of GIC

Obligatory cession refers to the part of the business that general insurance companies have to mandatorily cede to the national reinsurer

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 6,06,00,000 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.

IRDAI asked companies to modify products that contain limitations for AYUSH treatments and ensure compliance with the revised guidelines

Start-up will use the money to expand in India and strengthen global network

India has Rs 15,000 cr in terror risk insurance: Money could be better used

Malaysian energy giant Petroliam Nasional (Petronas) and Singapore's sovereign wealth fund GIC will invest in a project to produce five million tonnes of green ammonia a year in India by 2030. Gentari, the renewable energy arm of Petronas, and an affiliate of GIC will invest in the project being developed by AM Green, which has been set up by the founders of clean energy company Greenko Group, the companies said in a statement. "Gentari Sdn Bhd (Gentari), via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has entered into an agreement with AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia)," it said. AMG Ammonia is established by the founders of Greenko. An affiliate of Singapore investment entity, GIC, is also an investor in AMG Ammonia. "AMG Ammonia is projected to produce 5 million tonnes per annum of green ammonia using round-the-clock renewable energy by 2030. The platform aims t