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GIC sheds more stake in Hero MotoCorp, makes neat returns

By Joseph Rai

  • 26 Oct 2016
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GIC sheds more stake in Hero MotoCorp, makes neat returns
Other | Credit: Reuters

Singapore’s GIC has doubled the money it initially invested in Hero MotoCorp Ltd, as one of the most active sovereign wealth funds in India continues to offload its stake in the world's largest bike maker by volume.GIC had invested five years ago along with private equity firm Bain Capital to ......

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