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In a sequence of block deals, Florintree Capital Partners, led by Mathew Cyriac, has successfully divested its entire 10.71% stake in the listed company Data Patterns (India) Ltd, amounting to approximately Rs 1,100 crore. The Singapore sovereign wealth fund GIC emerged as a significant buyer, acquiring over 6% stake valued at Rs 650 crore. Mirae Mutual Fund also made a notable investment of Rs 200 crore, with other prominent buyers including HDFC Mutual Fund and Kotak Mahindra Mutual Fund, according to sources familiar with the transaction

Read the original article here: https://www.msn.com/en-in/money/markets/gic-buys-6-stake-in-data-patterns/ar-BB1imBLF