New Delhi: GIC of Singapore is investing Rs 430 crore in Bengaluru-based realty player Prestige Estates by way of preferential issue of equity shares.
GIC-managed investment company Gamnat Pte is acquiring 13.4 million equity shares of Prestige at the price of Rs 323.22 per share.
Prestige has already approved the preferential issue to Gamnat, the realty firm said in a filing to the stock exchanges.