GIC sits on 1.2X gains from listed mortgage company

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Credit: Reuters

Singapore sovereign wealth fund GIC has offloaded additional stake from its four-year-old investment in Mumbai-listed housing finance company, taking home approximately Rs 180-185 crore so far in this quarter.   GIC sold approximately 2.29% stake in Can Fin Homes Ltd, the subsidiary of state-run lender Canara Bank, through open market transactions ......

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