CPPIB to invest $322 mln in Indian toll roads, other infrastructure assets
Canada Pension Plan Investment Board (CPPIB) has made its first investment in India's infrastructure sector, committing US$322 million to the infrastructure development division of Larsen & Toubro Ltd. The investment will be made in two tranches by CPP Investment Board Singaporean Holdings I (CPPIBSH). The infrastructure assets owned by the Mumbai-based Larsen & Toubro include the largest toll-road concession portfolio in India, as well as a power transmission line project and a metro project in Hyderabad. CPPIBSH eventually will own a minority stake in the equity capital of the company's infrastructure subsidiary.
23 June 2014•4 mins read
