The Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest pension funds, has made a further ₹3.6 billion (about $44 million) commitment to the National Highways Authority of India’s (NHAI) infrastructure investment trust (InvIT).
In a statement, CPP Investments said the latest commitment follows an initial $187-million investment in NHAI InvIT’s IPO in November 2021. The Canadian pension fund will continue to hold 25% of the units in NHAI InvIT. The Ontario Teachers’ Pension Plan Board also holds 25% of the trust.
