Mumbai, Dec 17:Edelweiss Alternatives on Saturday entered into an agreement with Larsen & Toubro and Canadian Pension Plan Investment Board to pick up their 100 per cent stakes in L&T Infrastructure Development Projects at an enterprise value of Rs 6,000 crore. Edelweiss Alternatives — an alternative ivestment fund management platform — in a statement said that the transaction is being executed by a fund managed by Edelweiss Alternatives and it also involves absorbing the operating team. The portfolio of the […]
By siliconindia | Tuesday, 03 August 2021, 05:45 Hrs State-run Indian Railway Catering and Tourism Corporation (IRCTC) is holding a discussion with Bharat Heavy Electricals (BHEL) to enter into an alliance to run private trains. Both the public sector undertakings (PSUs) are actively considering forming a Special Purpose Vehicle (SPV) to operate passenger trains on the routes where IRCTC has put in bids. “BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements,” an official aware of the updates. He continued on to add that the business model of IRCTC has not been capital expenditure oriented. It has only created the ability to enhance operations.
NHAI plans to expand InvIT size to Rs 15,000 crore indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
CPP invests Rs 1,005 cr more in Indinfravit for additional 16% stake
SECTIONS
Last Updated: May 06, 2021, 10:10 PM IST
Share
Synopsis
Indinfravit is an infrastructure investment trust (InvIT) sponsored by L&T Infrastructure Development Projects since 2018 to acquire and maintain brownfield road concessions.
Agencies
The combined investment is 173 million Canadian dollars or Rs 1,005 crore, the CPP said in a statement.
Related
NSE
Explore Now
MUMBAI: The Canada Pension Plan Investment Board or CPP Investments on Thursday acquired an additional 15.9 per cent of the total units in Indinfravit Trust (Indinfravit) through two separate transactions, for 173 million Canadian dollars (Rs 1,005 crore), taking its ownership in the trust to 43.8 per cent from 27.9 per cent now.