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

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

This was the fifth deal GIC 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, GIC seems to have turned aggressive in India.