Canada’s CPPIB to buy 16% in Indian infra trust IndInfravit for $136m

Photo: Reuters

Canada’s largest pension fund, Canada Pension Plan Investment Board (CPP Investments) on Thursday said it is acquiring an additional 15.9% of the total units in IndInfravit Trust, an infrastructure trust (InvIT), for 1,005 crore ($136 million), the pension fund said in a statement.

IndInfravit, sponsored by L&T Infrastructure Development Projects Limited (L&T IDPL), launched in 2018, acquires and maintains stable brownfield road concessions in India.

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