“GIC is ramping up its exposure to Indian real estate, with an investment firm managed by the Singaporean sovereign wealth fund buying a stake in Mumbai-based developer Godrej Properties Ltd for about Rs 1,000 crore ($150 million),” according to Mingtiandi, giving it a 5% stake in the company, which issued fresh shares for the acquisition.

Cyril Amarchand Mangaldas advised Godrej Properties Limited led by a team of partners Yash Ashar, Gaurav Gupta and Nagavalli G.

GIC was advised by Nishith Desai Associates, led by M&A and corporate law head and leader Nishchal Joshipura, leader Ruchir Sinha, and senior associate Shreyas Bhushan.

2018-05-04

Deal value: Rs 1000 crores