India Digest: OTPP eyes $100m Xpressbees investment; Sterlite Power in talks with GIC for $300m fund infusion

India Digest: OTPP eyes $100m Xpressbees investment; Sterlite Power in talks with GIC for $300m fund infusion

Source: Xpressbees

Ontario Teachers’ Pension Plan Board is considering making a $100 million investment in Indian e-commerce logistics startup Xpressbees, Bloomberg reported on Friday. Separately, Sterlite Power, which is backed by metals magnate Anil Agarwal’s Vedanta Group, is in talks with Singapore’s sovereign wealth fund GIC as a strategic partner for the power transmission business and a $300 million cash infusion, Moneycontrol reported.

Edited by: Pramod Mathew

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