CDPQ to partner with Edelweiss in Indian credit platform
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest about US$250 million in ECL Finance Ltd, a non-banking financial company affiliated with Indian financial services provider Edelweiss Group. The deal is intended to establish a large and diversified credit platform in India, with a focus on the retail sector. The proceeds of CDPQ's investment will help ECL Finance capitalize on credit opportunities, invest in technology, grow organically and undertake acquisitions. The initiative builds on a 2016 partnership which saw CDPQ agree to invest up to US$700 million in stressed assets and private debt opportunities in India.
5 March 2019•5 mins read
