 "GIC's fund expansion drive: To inject Rs 1,900 cr in a JV with DLF")
Singapore wealth fund GIC will invest about Rs 1,990 crore ($300 million) in a new joint venture with Indian real estate developer DLF that will build two projects in the Indian capital New Delhi, the two firms said in a joint statement.
The deal is one of several by GIC in India this year, after its investments in Bandhan Financial Services, which is setting up one of the country’s two newest banks, and online taxi-hailing company Ola.
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The statement did not say how much stake GIC will take in the joint venture with DLF.
Reuters
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