GIC is already an investor in Axis Bank. GIC & CPPIB are also LPs in Bain Capital.
IPOs & Markets
It is also evaluating a plan to start a distressed asset fund.
The proposed merger of the two firms is stuck because of differences over the valuation of IDFC.
Amtek itself is one of the 12 companies identified by the Reserve Bank of India (RBI) for early bankruptcy proceedings.
Shareholders of IDFC such as Enam Holdings Pvt. Ltd and Sipadan Investments (Mauritius) Ltd have demanded a higher valuation for the company.
SEL has become the first company in the second list of corporate defaulters identified by RBI.
This is the largest investment made by the apex rural financial institution so far, and raises its total shareholding in Sidbi to 10%.
The decision to extend the agreement comes after the deal faced opposition from the shareholders of Shriram and IDFC.
The move follows the collapse of its plan to sell a major stake to Fairfax Financial over valuation differences
The deadline for submission of fresh bids will close on 14 September
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