GIC Funnels More Money into Phoenix Mills Investments in India via Private Placement

Posted on 07/01/2022


Singapore’s GIC Private Limited, a massive Asian sovereign wealth fund, boosted its total investment to Rs 1,511 crore by making an Rs 400 crore investment in three subsidiaries of The Phoenix Mills by purchasing an equity position in these companies through a private placement. GIC made the investment through its sovereign wealth enterprise Reco Zinnia…

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