GIC Private Limited, acting on behalf of the Government of Singapore, has reduced its shareholding in Prestige Estates Projects Limited. Following a series of open market transactions, GIC’s aggregate stake in the company now stands at 2.941% as of April 2, 2026. This divestment follows a previous disclosure in March 2025, where the firm held 5.013% stake, marking a significant adjustment in its investment position.
Details of Shareholding Adjustment
As per the latest disclosure, GIC Private Limited has executed a series of sales in the open market involving multiple entities under its management, including the Government of Singapore, the Monetary Authority of Singapore, and Gamnat Pte Ltd. On April 2, 2026, these combined transactions resulted in the disposal of 329,563 equity shares, representing 0.077% of the total voting capital of Prestige Estates Projects Limited.
Updated Equity Position
Prior to this sale, GIC held 12,998,391 equity shares, equivalent to a 3.018% stake in the target company. Post-transaction, the aggregate holding has decreased to 12,668,828 equity shares, bringing the total shareholding down to 2.941%. The total equity share capital of the company remains unchanged at 430,730,232 equity shares.
Rationale and Context
This transaction follows a period of gradual offloading of shares since March 2025, at which time GIC held a 5.013% stake in the company. The divestment reflects a strategic rebalancing of the firm’s portfolio. The company confirms that all shares sold were equity shares carrying voting rights, with no involvement of warrants, convertible securities, or encumbered shares in these specific transactions.
Source: BSE
