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Singapore sovereign wealth fund GIC cleared to boost stake in India's telecom infrastructure

By Freny Patel ( January 14, 2024, 22:50 GMT | Insight) -- GIC has received approval from the Indian antitrust watchdog to increase its shareholding in a local investment trust, sponsored by the US-based Brookfield Asset Management. The Competition Commission of India announced that through its subsidiaries Valkyrie Investment and Anahera Investments, Singapore sovereign wealth fund GIC Infra Holdings could increase its shareholding in Data Infrastructure Trust under the expedited "green channel" route. DIT is an Indian infrastructure investment trust providing passive telecom infrastructure services. Singapore sovereign wealth fund GIC has received approval from the Indian antitrust watchdog to increase its shareholding in a local investment trust, sponsored by the US-based Brookfield Asset Management....

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