Foreign funds for asset firm

The Telegraph, 13 Nov 2008, VIVEK NAIR

Mumbai, Nov. 13: Lathe Investment Pte, a wholly owned subsidiary of Government of Singapore Investment Corporation Ventures (GIC Ventures), will pick up nearly 9.9 per cent equity in Asset Reconstruction Company (India) Ltd, or Arcil. It will pick up close to 3.3 crore shares of Arcil at Rs 84 per share, aggregating over Rs 272 crore.

Read More