GIC is buying units in Data Infrastructure Trust for Rs 933 cr through the open market
Singapore’s state-owned investment company GIC on Tuesday bought units in Data Infrastructure Trust for Rs 933 crore in an open market transaction.
GIC, through its wholly owned subsidiary Anahera Investments Pte, bought 6.06 crore units of Data Infrastructure Trust (DIT) on the BSE.
Data Infrastructure Trust (DIT) is a Sebi registered Infrastructure Investment Trust (InvIT) that provides passive telecom infrastructure services.
According to data available on the bulk deal with the BSE, Anahera Investments Pte Ltd has acquired 60,600,000 units, representing 2.33 percent of the total units in DIT.
The units were picked at an average price of Rs 153.95 per unit, taking the transaction value to Rs 932.94 crore.
Meanwhile, Axis Bank, a private sector lender, sold the same number of units at the same price.
The Data Infrastructure Trust unit gained 0.69 per cent to close at Rs 153.95 apiece on the BSE.
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First print: February 7, 2024 | 12:07 pm IST