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GIC to end up with a lemon as rare sovereign fund bet goes bust in India

By Beena Parmar

  • 06 Feb 2019
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GIC to end up with a lemon as rare sovereign fund bet goes bust in India
Credit: 123RF.com

Singapore sovereign wealth fund GIC, one of the most active in India among its global peers, is set to see one of its early private-equity-style investments turn to dust as the target company goes for liquidation. GIC’s portfolio company RTIL, previously known as Reid & Taylor (India) Ltd, is headed for ......

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