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GIC ups stake in lender with single-biggest India cheque of 2020

By Beena Parmar

  • 17 Aug 2020
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GIC ups stake in lender with single-biggest India cheque of 2020
Credit: Reuters

Singapore sovereign wealth fund GIC has made its single-largest investment of 2020 in India thus far as it increased its stake in a private-sector lender that it had first backed more than a decade ago. GIC invested Rs 1,662.7 crore ($222 million) in ICICI Bank as part of an institutional share ......

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