The board of Aditya Birla Fashion and Retail Limited (ABFRL) in its meeting approved raising of up to Rs.2,195 Cr. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC). GIC will invest Rs. 770 Cr. now towards subscription of equity and warrants, followed by up…
IDFC Limited (IDFC) and a consortium comprising Bandhan Financial Holdings Limited (BFHL), GIC (GIC) and ChrysCapital (CC) have entered into a definitive agreement to acquire IDFC Asset Management Company Limited (IDFC AMC) and IDFC AMC Trustee Company Limited from IDFC Limited, for a consideration of INR 4,500 crore subject to receipt of necessary regulatory approvals…
Razorpay, a Bengaluru-based fintech startup has announced that it has raised $100 million in Series D funding led by GIC, Singapore’s sovereign wealth fund, and Sequoia Capital India. With this funding, the startup entered the unicorn club amidst the coronavirus pandemic. Existing investors Y Combinator, Matrix Partners India, Tiger Global, and Ribbit Capital also participated…