Singapore's GIC offloads shares worth $186m in Indian realty major DLF

Photo: Pradeep Gaur/Mint

Singapore’s sovereign wealth fund GIC has offloaded shares worth $186 million (Rs 1,298 crore) of Indian real estate developer DLF Ltd., according to bulk deal data available on NSE.

GIC on Monday sold 6.8 crore shares of DLF at Rs 191.01 per share through an open market transaction. The Singapore wealth fund held about 7.32 crore shares, equivalent to a 4.11 per cent stake, in DLF as on December 31, 2018.

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