GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

By Ankit Doshi

  • 06 May 2020
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Credit: Reuters

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance (BFSI) companies last quarter amid the coronavirus pandemic. GIC, which owned stakes in 10 listed BFSI firms, reduced its holding in six firms and exited one. Now it holds stakes in ......

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