| Singapore sovereign fund Government of Singapore Investment Corp (GIC), the second largest public shareholder until now, has completely exited financial services firm Edelweiss Financial Services by selling its 9% stake in tranches to its promoter Rashesh Shah and foreign institutional investors Fidelity International and Nomura.
The move has come at a time when many foreign investors are raising their stake in India's financial services companies. The Singapore fund, which stayed invested in Edelweiss for more than seven years, sold its 4.5% stake in 2014 in two tranches, and sold the remaining stake on July 24...............................................Full Article: Source
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