GIC to expand stake in Prestige Estate

Singapore sovereign wealth fund GIC Pte Ltd will increase its stake in Bengaluru developer Prestige Estates Projects Ltd for Rs 430 crore ($60.41 million). GIC, through unit Gamnat Pte Ltd, will buy 13.4 million shares at Rs 323 apiece through a preferential allotment, Prestige said in a stock market notification GIC as of now claims […]