India: CPPIB invests additional $144.4m in Island Star Mall Developers

Photo: Mint

Canada Pension Plan Investment Board (CPPIB) Tuesday said it has invested an additional Rs938 crore in Island Star Mall Developers Pvt. Ltd, a platform it co-owns with The Phoenix Mills Ltd.

With this, CPPIB has increased its investment in Island Star to a total of Rs1,662 crore, constituting a 49% stake.

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