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.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.