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Canadian pension fund manager CDPQ will invest about Rs 1,800 crore ($250 million) in ECL Finance, the non-banking financial company of Edelweiss Group.
CDPQ Private Equity Asia Pte, a wholly owned subsidiary of CDPQ, and Edelweisss Group signed the agreement, according to an Edelweiss statement released on Tuesday.
CDPQ will now help with long-term strategy to build a strong credit portfolio. The focus will be on the retail segment, said the statement.
“The planned investment by CDPQ would contribute towards establishing a large and diversified credit platform in India. This proposed investment will close after customary regulatory
CDPQ Private Equity Asia Pte, a wholly owned subsidiary of CDPQ, and Edelweisss Group signed the agreement, according to an Edelweiss statement released on Tuesday.
CDPQ will now help with long-term strategy to build a strong credit portfolio. The focus will be on the retail segment, said the statement.
“The planned investment by CDPQ would contribute towards establishing a large and diversified credit platform in India. This proposed investment will close after customary regulatory
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