Business Standard

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

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Business Standard
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.

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