Singapore: GIC comes in as anchor investor in AU Small Finance Bank pre-IPO

Singapore: GIC comes in as anchor investor in AU Small Finance Bank pre-IPO

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

SIngapore’s sovereign wealth fund GIC is among the anchor investors in the pre-IPO round of private equity-backed AU Small Finance Bank Ltd, which has raised Rs 563 crore ($87 million) from anchor investors based in Singapore and Kuwait. The public offer will close on 30 June.

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