GIC Board Approves $49M Labuan Branch Solvency Infusion

GIC board grants in-principle approval for $49M (₹469 crore) capital infusion into its Labuan, Malaysia branch for solvency restoration.
The infusion is contingent upon receiving necessary regulatory approvals from the Labuan Financial Services Authority (LFSA) and completing formalities.
The decision was made during a board meeting held on May 15, 2026, which lasted from 5:15 PM to 6:17 PM IST.
Disclosure is made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.