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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC defers preferential funding in India’s Fortis

Posted on 28 June 2010

From Reuters: Indian hospital operator Fortis Healthcare said the Government of Singapore Investment Corp (GIC) had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis.
Controlled by Indian billionaire brothers Malvinder Singh and Shivinder Singh, Fortis is pitted against Malaysian state fund Khazanah for control of Parkway Holdings………………………………………Full Article: Source

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