GIC, the Singapore government sovereign wealth fund investment arm, plans to take a 10 percent stake in Arcil, Asset Reconstruction Company of India, according to The Economic Times.
The Singapore investment deal is subject to India’s Foreign Investment Promotion Board (FIPB) approval and Arcil’s CEO S Khasnobis Arcil declined to comment on the move by GIC.
Arcil is India’s largest asset reconstruction company otherwise known as an ARC.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment