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India decided Wednesday to liberalize foreign direct investment in domestic manufacturing, coal mining and digital media, and also allow single-brand retailers to start online sales to infuse capital into the country and boost its economy. Commerce and Industry Minister Piyush Goyal said the Cabinet approved 100 per cent foreign direct investment in coal mining and […]

Are institutional investors about to dive back into emerging markets?

While emerging markets have been underperforming their developed counterparts over the past decade, this may be about to change. “Basically, everything went wrong in emerging markets in the last 10 years,” said Laurence Bensafi, deputy head of emerging markets equity at RBC Global Asset Management Inc., in a webinar hosted by the Association of Canadian Pension Management […]

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With India attracting the attention of Canadian pension plans, what opportunities and risks exist in the country? Across all asset classes, 2018 saw US$47 billion in foreign investment transactions into India, according to Sanjeev Krishan, deals and private equity expert at PwC India, during the Canadian Investment Review’s podcast “Pension Passport.” And this year could […]

  • By: Staff
  • August 16, 2019 January 9, 2021
  • 07:43
CPPIB, OMERS up stake in Indian toll roads, Caisse invests in digital health company

Indian-based infrastructure conglomerate IndInfravit Trust, whose owners include the Canada Pension Plan Investment Board and the infrastructure investment arm of the Ontario Municipal Employees’ Retirement Plan, is buying nine operational road projects from Sadbhav Infrastructure Project Ltd. The portfolio of roads, which was valued at more that $66 million rupees, or about $1.2 billion, includes seven toll roads […]

  • By: Staff
  • July 2, 2019 November 12, 2020
  • 15:30
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While trade risk continues to plague global economies, India and China are expected to be major emerging market growth drivers, according to State Street Global Advisors’ mid-year global outlook report. If trade relations between the the U.S. and China improve, it could lead to a recovery in emerging markets overall, the report said. Both sides […]

  • By: Staff
  • June 26, 2019 January 9, 2021
  • 07:42
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The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment is intended to enable ECL Finance to capitalize on opportunities in the credit market and bolster the group in capturing opportunities in the non-banking financial company space, according to a press […]

  • By: Staff
  • March 5, 2019 January 12, 2021
  • 15:30
OMERS investing in Indian toll-road concessions

The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing director and […]

  • By: Staff
  • February 25, 2019 September 13, 2019
  • 07:34
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The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]

  • By: Staff
  • October 17, 2018 January 13, 2021
  • 10:09
Caisse invests $26M in Indian venture capital fund

The Caisse de dépôt et placement du Québec has invested approximately $26 million in Fundamentum, a venture capital fund company based in India. The initial investment is in Fundamentum’s first growth fund. The fund has a target size of about $130 million and will to focus on investments in consumer and enterprise technology businesses in the areas of […]

  • By: Staff
  • March 29, 2018 September 13, 2019
  • 09:20
CPPIB buys stake in Indian renewable energy company

The Canada Pension Plan Investment Board is acquiring a 6.3 per cent stake in an Indian renewable energy developer and operator from the Asian Development Bank for more than $179 million. The company, ReNew Power Ventures Private Ltd., is headquartered in Gurugram, India, and works in wind, utility-scale and rooftop solar power-producing assets. “This transaction aligns well with our overall power and […]

  • By: Staff
  • January 22, 2018 September 13, 2019
  • 16:20