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GIC, Baring India Private Equity Investing US$100 Million in Marico

Singapore’s sovereign wealth fund, the Government of Singapore Investment Corporation (GIC) and Baring Private Equity Partners India are jointly investing approximately US$100 million in Bombay Stock Exchange-listed consumer products company Marico. VCCircle estimates that GIC is investing roughly US$75 million for a 3.4 percent stake in the company, while Baring Private Equity Partners India is investing approximately US$25 million for a 1.1 percent stake.