Canadian pension fund CDPQ buys Mahindra & Mahindra shares worth $177m

Canadian pension fund CDPQ buys Mahindra & Mahindra shares worth $177m

Photo: Reuters

Mahindra and Mahindra (M&M) Benefit Trust has sold 19.2 million shares of auto maker Mahindra and Mahindra Ltd, amounting to ₹1,244 crore, to Canada’s second largest pension fund Caisse de Dépôt et Placement du Québec (CDPQ), the company said in an exchange filing on Monday.

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