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Kotak Mahindra Bank arm raises $1.25 billion for 2nd special situations fund

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The backers of first fund, Abu Dhabi Investment Authority, Singapore's GIC and family office Premji Invest have committed to invest in the second fund also.

• 29 March, 2023
• 1:43 PM
• less than a minute

DLF to unveil housing project in Gurugram with sale potential of Rs7,500 crore

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In financial year 2022, DLF has rolled out its residential projects in Delhi, Gurugram, Panchkula, and Chennai.

• 27 January, 2023
• 2:58 PM
• less than a minute

Stock prices of New India Assurance and General Insurance shoot up

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Shares of NIA Company (up 30% in the past one month) and GIC Re (up by 18%) beat the S&P BSE Sensex, which gained less than 2% over the course of the preceding month

• 14 December, 2022
• 1:07 PM
• less than a minute

GIC Housing Finance to raise funding through issuance of commercial papers

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According to news reports, the housing finance company would give a yield of 7.40% on this offering and has already received commitments totalling about $12.23 million.

• 06 December, 2022
• 8:51 AM
• less than a minute

GIC to invest Rs1,045 crore in IRB Infra's Ganga-Expressway road project

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First tranche of equity investment of Rs533.20 crore now completed by Ganga Expressway.

• 20 October, 2022
• 9:18 AM
• less than a minute

Euler Motors raises $60 million in funding

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The money will be used by Euler to expand its production and supply chain infrastructure, speed up product development, and hire more people for vital positions within the company

• 06 October, 2022
• 7:10 AM
• less than a minute

CCI approves Caladium's acquisition of a 7.49% stake in Aditya Birla Fashion and Retail

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The antitrust watchdog said in a statement that it has approved Caladium Investment Ltd.’s roughly 7.49% stake in Aditya Birla Fashion and Retail Limited on a fully diluted basis through the preferential issue of shares and warrants.

• 01 September, 2022
• 7:52 AM
• less than a minute

GIC Housing Finance would issue bonds to generate up to Rs2,500 crore

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The upcoming annual general meeting will be held on September 23, 2022, and the housing financier will ask its shareholders for approval of the capital raise plan at that time.

• 26 August, 2022
• 8:27 AM
• less than a minute

GIC, a sovereign wealth fund from Singapore, adds $400 million to the joint venture with Phoeni...

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GIC, the sovereign wealth fund of the Singaporean government, increased its total investment to Rs1,511 crore by making an Rs400 crore investment in three subsidiaries of The Phoenix Mills by purchasing an equity position in these companies through a private placement.

• 01 July, 2022
• 12:36 PM
• less than a minute

Aditya Birla Fashion to raise Rs2,195 crore of primary capital from GIC; stock under pressure

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Aditya Birla Group will hold a ~51.9% stake in the company post the completion of this transaction.

• 24 May, 2022
• 2:13 PM
• less than a minute