GIC in discussions with Indian realty major DLF for housing project stake

GIC in discussions with Indian realty major DLF for housing project stake

Logo of GIC, Singapore's sovereign wealth fund.

Indian realty major DLF is seeking to raise between $395 million–$474  million by August 2015 month via private equity (PE) deal, and is currently negotiating with Singapore’s sovereign wealth fund GIC to sell a 49 percent stake in a New Delhi housing project, news agency PTI said in a report.

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