[ TRANSACTION RECORD ]

GIC Private Limited Investment in HDFC Bank — 2023

VERIFIED VECTOR ID: 002125 · tx-221
M SOURCE NODE — FUNDER
GIC Private Limited
Finance Singapore
$1,000,000,000
EQUITY
01/07/2023
Q DESTINATION NODE — RECIPIENT
HDFC Bank
Company India
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
01/07/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity GIC Private Limited
AUM 770000
HQ Location Singapore
Sector Finance
Recipient Profile [ Q ]
Entity HDFC Bank
Entity Type Company
Jurisdiction India
Intelligence Note

GIC Private Limited maintained a significant equity stake following the 40 billion dollar merger of HDFC and HDFC Bank, India’s largest financial services consolidation. This transaction enhances HDFC Bank’s capital base to drive further growth in the South Asian retail and corporate banking sectors. The deal represents a major institutional commitment to Indian financial stability.

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Primary Forensic Source https://www.gic.com.sg/news-and-highlights/hdfc-bank-merger/
✓ SOURCE LINKED