| 12.02.2014 - GIC hikes stake in Indian developer |
| GIC is continuing with its foreign property investment spree. Last week, it enlarged its stake in Bombay-listed property developer Phoenix Mills from 1.476 per cent to 5.023 per cent in an open market transaction worth 1.06 billion rupees (S$21.6 million). This is the Singapore sovereign wealth fund's fifth foreign property investment in as many months, after sealing deals in Jakarta, Australia, London and New York City...............................................Full Article: Source |