20.07.2012 - Four sovereign wealth funds to invest in Reliance Communications's undersea cable unit IPO
Four sovereign wealth funds, including Singapore's Temasek Holdings and China Investment Corp, have agreed to invest in the initial public offering of Reliance Communications Ltd's undersea cable unit Global Telecommunication Infrastructure Trust. Four souvereign wealth funds from Singapore, the Middle East and China have confirmed particiation of USD 250 to 300 million in the GTI Trust's IPO, sources privy to the development said. Besides Temasek and CIC, Investment Corp of Dubai too has confirmed participation in Global Telecommunications Infrastructure Trust's public offering in Singapore...............................................Full Article: Source
Print