GIC India dealbook: Frontrunner to buy stake in Exora; May swap stake in Reid & Taylor with its listed parent S Kumars

Visual from SKNL website

Singapore’s sovereign wealth fund GIC is the front runner to buy 60 per cent stake that the Indian real estate company Red Fort Capital holds in Exora Business Park, a report said.

News site VCCircle, quoting people familiar with the development said that while the “deal has also elicited interest from other marquee investors including Singapore-based Ascendas and Blackstone“, the Singapore fund (GIC) was in the lead position to acquire  Exora Business Park.

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