30/7/2024, 8:39:02 pm

Singapore sovereign fund GIC bets $70 mn on PE-backed Indian lender

GIC, Singapore's sovereign wealth fund, has invested in a private equity-backed financial services firm in India, adding to its $30 billion portfolio in Indian public companies. With stakes in top banks, GIC's Indian investments now span across the financial sector, signifying its confidence in the country's growth prospects.