In the nine months ending December 2023, the country s biggest share market investor showed dissent in around 2% of the board proposals it had to decide on as a shareholder.
Singapore’s GIC Private Limited is increasing its investment activity in India. The Singaporean sovereign wealth fund is keen on the country’s need for energy infrastructure. The JV platform will be positioned to target the new opportunities emerging from the need for over US$ 13 billion of CAPEX announced by the Government of India. Sterlite Power…
Vedanta Group s Sterlite Power Transmission Ltd (SPTL) and Singapore s sovereign wealth fund GIC are forming a $1 billion platform for India s power transmission sector. GIC will invest $500 million for a 49% stake, and Sterlite Power will match the amount for a 51% stake. The JV will initially include five under-construction projects, with plans to expand. Sterlite Power will transfer four operational assets worth about ₹7,500 crores into the JV. This investment aims to support India s goal of increasing renewable energy usage and upgrading the national transmission grid.