GIC to acquire a stake in Prestige Estates Projects for $61m.

GIC agreed to acquire a stake in Prestige Estates Projects, an Indian real estate developer, for $61m. "Thehe Board has approved to create, offer, issue and allot on preferential basis,13.4m equity shares of face value $0.14 at a price not less than floor price of $4.5, determined in accordance with Chapter V of the SHBI ICDR Regulations to Gamnat Pte Ltd," Prestige Estates.