Cppib

CPPIB, RMZ to invest $750 million in commercial project in Mumbai

The project may become one of Asia's largest office spaces

CPPIB sells stakes in Delhivery, Nykaa; Capital Group in Mankind

Canada Pension Plan Investment Board pared its holdings on Wednesday, in FSN E-Commerce Ventures (Nykaa) and Delhivery

CPPIB sells 2.8% stake in Delhivery for Rs 908 crore via open market

The Canada Pension Plan Investment Board on Wednesday divested a 2.8 per cent stake in supply chain and logistics firm Delhivery for Rs 908 crore through an open market transaction. US-based financial services company Capital Group, Fidelity Investments, HSBC, and the Master Trust Banker Japan Ltd A/C HSBC Indian Equity Mother Fund were the buyers of Delhivery shares on the NSE. According to the block deal data available with the National Stock Exchange (NSE), Canada Pension Plan Investment Board (CPPIB) sold 2,04,50,000 shares, amounting to a 2.8 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 444.30 per piece, taking the transaction value to Rs 908.59 crore. After the latest transaction, CPPIB's shareholding has declined to 3.16 per cent from 5.96 per cent (as of March 2024 shareholding data showed on the BSE). On Wednesday, shares of Delhivery fell 0.09 per cent to close at Rs 448 apiece on the NSE. In September 2019, CPPIB announced that it

CPPIB, Allianz Group gets CCI nod to acquire Interise Investment Managers

Fair trade regulator CCI on Tuesday said it has approved the proposal of purchasing stakes in Interise Investment Managers by various entities, including Canadian pension fund CPPIB and Allianz Group. Interise Investment Managers is the investment manager of IndInfravit Trust. The trust is an Sebi-registered infrastructure investment trust. "The proposed combination involves acquisition of 100 per cent of the issued and paid-up share capital of Interise Investment Managers by CPPIB India Private Holdings (CIPH), Allianz Infrastructure Luxembourg II (AIL-II), Ontario Inc from L&T Infrastructure Development Projects Ltd and certain other sellers," according to a release. CIPH is a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB) and AIL II is a Luxembourg-based alternative investment fund which is wholly-owned by Allianz SE. Ontario Inc is an investment entity of the Ontario Administration Corporation. After the completion of the transaction, CIPH, AIL-II and

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

Private equity major KKR, Canada Pension Plan Investment Board (CPPIB) and another entity sold Indus Towers' shares worth Rs 3,978 crore through open market transactions on Thursday. KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE. As per the bulk deal data, Silverview Portfolio Investments sold 13.08 crore shares of Indus Towers, while CPPIB disposed of more than 5.76 crore shares of the company, amounting to a 4.85 per cent and 2.14 per cent stake, respectively, in Indus Towers. Patronus Tradetech LLP also offloaded 2.26 lakh shares of telecom infrastructure company, as per the bulk deal data. The shares were sold within the price range of Rs 210.21-215.28 apiece, taking the transaction size to about Rs 3,977.94 crore. After the latest transaction, KKR through Silverview Portfolio Investments Pte sold its entire 4.85 per cent equity stake and exited the company, while shareholding of Canadian Pensi

Cube Highway, CPPIB, Brookfield in race to buy Reliance Infra road assets

Road asset sale to reduce Rel Infra debt by Rs 2,000 cr

CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%

Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues

Goldman exits ReNew, CPPIB becomes new majority owner in the company

Goldman's exit is in compliance with US state securities regulations, which restrict the ownership of ownership beyond 10 years in a company

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

CPPIB buys shares of FSN E-Commerce Ventures worth Rs 299 crore

Canada Pension Plan Investment Board (CPPIB) on Thursday bought over 1.70 crore shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 299 crore through an open market transaction. CPPIB purchased a total of 1,70,81,850 shares of the company, as per bulk deal data available with the BSE. The shares were acquired at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore. Meanwhile, Mala Gopal Gaonkar disposed a total of 5.75 crore shares of the company. The company's stock is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. On Thursday, shares of FSN E-Commerce Ventures closed 0.57 per cent higher at Rs 185.55 on BSE.

CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC's green energy unit

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd

Canada Pension Fund sells 0.56% stake in SBI Life for Rs 597 cr

It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs

CPPIB to sell 2% stake in Kotak Mahindra Bank, puts 40 mn shares on block

Price band of Rs 1,681.26-1,769.75 per share; CPPIB can fetch between Rs 4,707.5 crore and Rs 4,955.3 crore from the share sale.

Eruditus raises $350 mn in debt from CPPIB to finance M&A activities

The pipeline of potential acquisitions is expected to contribute up to 30 per cent of its online arm's top line and EBITDA in the next five years, the company said

Canada's CPPIB to invest Rs 2,650 crore in JV with realty firm RMZ Corp

RMZ owns and operates a real asset portfolio of 67 million square feet, and are poised to grow to 350 million square feet of assets by 2032

Where do the likes of Blackrock, CPPIB see value in India's biggest IPO

Paytm has signed up BlackRock and CPPIB together with the sovereign wealth funds of Singapore and Abu Dhabi as anchor investors for next week's Rs 18,300 crore ($2.46 billion) IPO

CPPIB and Ontario Teachers' Pension Plan bag NHAI's maiden InvIT

CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue

Acko raises $255 mn at unicorn valuation from General Atlantic, CPPIB

Total funds raised by the digital insurer now stand at $450 million

CPP Investments pays Rs 1,005 cr for addl 15.9% stake in IndInfravit Trust

Units were bought in two separate deals--7% from Sadbhav Infra and 8.9% L&T IDPL in a deal that will happen later

CPPIB CEO Mark Machin steps down after getting vaccinated in UAE

CPPIB said on Friday it had accepted Machin's resignation and appointed John Graham as chief executive officer.