Gic

GIC Recruitment 2024: Notification out for 110 Assistant Manager posts

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

GIC considering possible sale of 50% stake in Greenko Energy: Report

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 Inc in advanced talks to acquire controlling stake in Haldiram's

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

LIC, GIC Re and New India Assurance Company retain the 'D-SII' tag

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, GIC to partner for developing power transmission projects

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 .

Vedanta's Sterlite to transfer three power projects to GIC venture

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

Ferrovial arm Cintra to acquire 24% stake in IRB Infra Invit from GIC

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

Irdai retains obligatory cession of business to GIC Re at 4% for FY25

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

GIC buys units in Data Infrastructure Trust for Rs 933 cr via open market

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 asks insurers to give coverage for AYUSH in health insurance policies

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

Agritech company Vegrow raises $46 mn in funding round led by GIC

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

GIC wants to divert terror insurance money for oil and nuclear risks

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

Petronas, GIC to invest in 5 mn MT project of green ammonia in India

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

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