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Sovereign Wealth GIC Seeks to Help Genus Roll Out Smart Meters in India

Asian sovereign wealth funds are supporting “Made in India” deals. Gem View Investment Pte Ltd is a sovereign wealth enterprise of Singapore’s GIC Private Limited. GIC and Jaipur-based Genus Power & Infrastructures Ltd formed a platform for Advanced Metering Infrastructure Service Provider (“AMISP”) concessions in India. GIC will own a 74% stake in the smart…
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GIC to acquire 74% stake in Genus Power's smart metering venture

After the deal, Gem View Investment, an affiliate of GIC, will hold 74 per cent stake in the platform while the remaining 26 percent shareholding will be with Genus Power. ....

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