GIC backs Mumbai developer in third India real estate bet of 2020

By Swet Sarika

  • 25 Aug 2020
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Credit: 123RF.com

Singapore sovereign wealth fund GIC Pte Ltd has struck its third India real estate investment of 2020 as it backed The Phoenix Mills Ltd to beef up its portfolio of local property developers. GIC has bought a 4.33% stake in Mumbai-listed Phoenix Mills for Rs 450 crore ($60.5 million), regulatory filings ......

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