India: Piramal-Ivanhoe fund cuts first deal with $70m investment in Lodha township

Photo: Mint

Two years after Piramal Enterprises Ltd (PEL) and Ivanhoé Cambridge, a real estate subsidiary of Canada’s second largest pension fund Caisse de dépôt et placement du Québec (CDPQ) entered into a strategic partnership, the duo on Tuesday announced its first transaction with an investment of 500 crore in the Lodha Group’s township project, Palava, in suburban Mumbai.

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