MUMBAI, Dec 17 (Reuters) – Canadian pension fund CPP Investments Board and enchancment agency Larsen and Toubro (LART.NS) said They’ve purchased The complete stake Inside their Three method partnership to Indian funding agency Edelweiss for 60 billion Indian rupees ($725.46 million)

The Three method partnership referred to as L&T Infrastructure Development Tasks Restricted owned eight roads and one power transmission asset in India.

The deal is topic to regulatory approval and completely different circumstances however will give Edelweiss’ platform 26 belongings with A combination of power transmission, substations and highmethod belongings throughout India

“These belongings have a conagencyed monitor doc of operations, are geographically dispersed and have prolonged residual life, which is According to our funding method,” said Sreekumar Chatra, Managing Director at Edelweiss’ Infrastructure Yield Strategy.

CPP Investments first invested Inside the Three method partnership in 2014, in what was The primary direct private funding by a Canadian pension fund in an Indian infrastructure agency, and later acquired a majority stake of 51% in 2019

($1 = 82.7060 Indian rupees)

Reporting by M. Sriram; Modifying by Michael Perry

Our Requirements: The Thomson Reuters Notion Guidelines.



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