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The funding for the acquisition was through a rupee term loan, the issue of non-convertible debentures and the preferential issue of units to the unitholders namely, Canada Pension Plan Investment Board (CPP Investments) and OMERS Infrastructure.
The pension fund spent $2.5 billion on primary and secondary investments in companies in the region, per a recent disclosure.
Detention for disallowing materials taken during the raid, says company in court
10:30am: Markit India PMI Composite for June, prior 48.1 Stocks To Watch HDFC: During the quarter ended June 30, the profit on sale of investments was Rs 263 crore compared to Rs 1,241 crore last year. This was on account of the corporation's entire stake sale in its associate company, Good Host Spaces for Rs 54 crore and part stake sale of HDFC ERGO General Insurance Company for Rs 209 crore. Gross income from dividend for the quarter was Rs 16 crore compared to Rs 298 crore last year. Further, the corporation assigned loans to HDFC Bank amounting to Rs 5,489 crore during the quarter. Indivi...
Emerging investment instrument REIT seems to have finally gaining popularity among investors, with mutual funds investing a staggering Rs 3,972 crore in such units in 2020, a six-fold jump from the preceding year. Green Portfolio co-founder Divam Sharma said that with names like DLF, Brookfield and Godrej in the process of launching REIT, more interest from mutual funds in such offerings is expected in the coming years. He further said 2021 looks better from the standpoint of mutual funds investing in REITs, as business is seeing normalcy after a setback from COVID-19 in 2020. REITs and I...