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Ascendas-Singbridge, GIC acquire land in India to develop IT park

This acquisition, at an undisclosed sum, marks the second investment under the Ascendas India Growth Programme (AIGP), in which GIC is a principal investor along with Ascendas-Singbridge.


ASCENDAS-SINGBRIDGE Group and Singapore's sovereign wealth fund GIC announced the acquisition of a 16-acre (6.5-hectare) land parcel in Pune, a sprawling city in the western Indian state of Maharashtra.

This acquisition, at an undisclosed...