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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

GIC not to participate in Fortis’ preferential funding

Posted on 29 June 2010

From Indiainfoline.com: Fortis promoters was quoted as saying that GIC’s decision to defer investment in their company was “mutual”, as GIC wanted to evaluate the prospects of being part of a larger fund raising plan of Fortis.
Singapore’s GIC Special Investments Pte Ltd has reportedly deferred its plan to invest around Rs3.8bn to buy a minority stake in Fortis Healthcare. Fortis promoters was quoted as saying that GIC’s decision to defer investment in their company was “mutual”, as GIC wanted to evaluate the prospects of being part of a larger fund raising plan of Fortis……………………………………….Full Article: Source

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