| Singapore’s sovereign wealth fund GIC has exited Indian FMCG company Marico completely and is estimated to have pocketed around Rs 600 crore ($95 million) by selling its remaining 2.47 per cent stake in the maker of Parachute coconut hair oil and edible oil brand Saffola, a report said.
GIC had earlier made a partial-exit from Marico. Last year, GIC part-exited Marico, through a secondary market transaction and had got about $32 million from the sale, and at that time, it was estimated to have doubled its investment...............................................Full Article: Source
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