May 25, 2017
GIC INVESTS IN CAPITAL FIRST LIMITED
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.
We, at Nishith Desai Associates, acted as the legal and regulatory counsel to GIC on this transaction.