GIC, a sovereign wealth fund established by the government of Singapore, has acquired (directly and through its affiliates) a 14% stake (approx.) in Capital First Limited.
GIC is a leading global investment firm with well over US$100 billion in assets under management in more than 40 countries across the world.
Capital First Limited is a publicly listed non-banking financial company, specializing in MSME and consumer financing supported by proprietary credit evaluation methodologies and strong credit scoring platform.
Press coverage in relation to the transaction is available here.
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