Abu Dhabi Investment Authority
GIC, Singapore’s sovereign wealth fund will enter into a joint venture with Brigade Enterprises very soon. On Monday this was announced and a memorandum of understanding (MoU) was signed. The Bangalore-based realty major and GIC, through its affiliate company, will jointly invest up to Rs 1,500 crore in residential and mixed-use development properties in select cities [...] Continue Reading »
Japan-based diversified financial services firm Orix is understood to have evinced interest in buying the 8.34 percent stake owned by Central Bank in infrastructure development and finance company IL&FS, sources said, adding that six others were in the fray for the stake. The top three shareholders in the company are LIC with 25.34 percent, ORIX [...] Continue Reading »
Abhijit Ghosh a partner at PricewaterhouseCoopers (PwC) stated that the Singapore investors should capitalise on the benefits announced in the budget for India’s real estate sector. Ghosh is an expert in this field and stated that the Singapore companies will be in an advantageous position if they decide to invest and lend to the Indian [...] Continue Reading »
India has recently started to witness a rush of investments since many sovereign wealth funds and overseas pension funds have started to show serious interest and dedication. They are all anticipating a restoration in the economy. Over the last 8 months, there were around 3 sovereign funds which invested a total of 5 billion dollars. [...] Continue Reading »
Concerns faced by its state-owned enterprises, including real estate major Emaar and telecom giant Etisalat in India, UAE is expected to take up the matter at the high level investment body meeting next week. A Commerce Department official told Business Line that, Anand Sharma ,Union Commerce and Industry Minister in his meeting with the the Managing [...] Continue Reading »
Wealth funds of Abu Dhabi, Qatar and Malaysia are competing with each other to acquire two of India’s prime properties. It is going to be one of the biggest deals in the Indian hospitality industry. The governments mentioned above are cash rich and are looking to pick up 74% stake in the Leela Group’s Delhi [...] Continue Reading »
