Page 2 - Gic

GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture

GIC will put up $500 million in the infrastructure business for a 49 per cent stake. This investment will depend on Sterlite Power winning project tenders

GIC, TPG healthcare fund buys major stake in AINU hospital chain for $72 mn

The acquisition marks Asia Healthcare's foray into urology and nephrology segments after oncology, women and child care through Motherhood Hospitals and infertility treatment via Nova IVF Fertility

Asia Healthcare acquires majority stake in AINU, to invest Rs 600 cr

Asia Healthcare Holdings on Wednesday said it has acquired a majority stake in Asian Institute of Nephrology and Urology and will invest Rs 600 crore in the latter. The investment will be through a mix of primary and secondary infusion, Asia Healthcare Holdings (AHH) said in a statement. Asian Institute of Nephrology and Urology (AINU) is a speciality hospital network of urology and nephrology care present in four cities with a speciality in robotic urology surgery, it added. "This acquisition and AHH's foray into urology and nephrology segment marks its expansion into a fourth speciality...," the company said. AINU operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai, with more than 500 beds and over 4 lakh patients treated. It has also completed over 1,000 robotic urology surgeries, as per the statement. AHH Executive Chairman Vishal Bali said, "AINU not only adds a new speciality to the AHH platform but also strengthens our vision of scaling the single

Ather Energy raises Rs 900 cr from Hero MotoCorp and GIC for expansion

Electric two-wheeler manufacturer will use funding to launch new products, expanding charging infra

GIC, Genus Power Infra tie up to invest $2 bn in smart meter venture

Genus says this is the largest transaction in the smart metering space in India

BIRET-GIC to acquire 2 assets from Brookfield funds for $1.4 billion

This is a first-of-its-kind partnership In India between a listed REIT (real estate investment trust) and a global institutional investor

Backed by big deals, GIC ahead of western peers in office properties

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion

The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion

Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Irdai endorses panel's view to cut obligatory cession to zero from 4%

The obligatory cession was reduced from 5 per cent to 4 per cent in FY23. The regulator has been reducing the obligatory cession over time

GIC, ESR Group set up $600 mn India JV to buy industrial, logistics assets

The new JV, in which GIC is an 80% owner, is an extension of an existing partnership between the entities in the country.

GIC, ESR to set up $600 mn-fund to invest in industrial assets in India

Singapore's sovereign wealth fund GIC and ESR Group Ltd have formed a joint venture to set up a USD 600 million-fund to acquire logistics and industrial assets in India. On Thursday, GIC and ESR announced an 80:20 strategic partnership to establish the fund worth USD 600 million (around Rs 5,000 crore) to acquire the "income-producing assets". ESR is already developing various industrial and logistics parks across major Indian cities. The joint venture represents an extension of the existing partnership in India between the GIC and ESR, which was initiated in 2020, with the initial capital pool dedicated to investing in development and value-add to logistics and industrial opportunities across India. It will invest in stabilised operational assets in strategic locations across Tier 1-2 cities in the country, according to a statement. With an upsurge in the share of organised retail and e-commerce, supported by emerging sectors such as electric vehicles and semiconductors, the ...

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

GIC, Capital Group buy KKR's entire stake in Max Health; stock surges 10%

KKR sold the entire 26.8% stake worth Rs 9,400 cr as part of its exit strategy

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore

GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO

Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified

Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

IRB Infrastructure eyes Rs 5,347 crore from GIC, Spain's Ferrovial

This is the largest fundraise by a road developer

GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens

The deterioration in the asset quality would further impact GICHF's earnings profile, and consequently, its internal capital generation

Phoenix Mills, Singapore's GIC set up JV to invest in retail properties

GIC will acquire minority stake in PML's portfolio of retail‐led mixed‐use properties