CDPQ targets investments of Rs. 5000 crores over four years
Edelweiss Financial Services announced that Caisse de d et placement du Quec (CDPQ) has entered into a long term partnership agreement with Edelweiss Group. The agreement includes target investments by CDPQ of Rs 5000 crore over four years that will provide Edelweiss Group with capital to invest in stressed assets and private debt opportunities in India. The partnership creates one of the largest and most diversified credit investing platforms in India.This platform will invest in assets with the aim of restructuring debt and turning around companies, as well as becoming the provider of financing to Indian entrepreneurs and companies. These investments, to be carried out by Edelweiss ARC and through different Edelweiss funds, will result in the purchase of nonperforming loans from Indian banks and investments in private debt of growing Indian companies. To this end, Edelweiss recently established a consulting team to add value and make operational improvements in promising industrial businesses with a focus on Remake in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
