The residential real estate sector in India is witnessing a spurt in global investments due to regulatory changes and a more dovish monetary policy outlook. Additionally, government announced a cut in the goods and services tax charged on sales of residential properties under construction to stimulate the economy by driving up...
Canada's Caisse Increases Investment in India's Azure Power
Caisse de dépôt et placement du Québec increased its interest in Azure Power Global Limited, a New Delhi, India-based solar power producer, to 40 percent for a total commitment of $240 million. Emmanuel Jaclot, executive vice president, infrastructure, at the Caisse, said the additional investment reflects the pension system’s view of India’s...
Canada's Caisse de Depot to Acquire Stake in CLP India
Caisse de dépôt et placement du Québec (CDPQ) proposes to acquire a 40 percent stake, for $476 million in cash, in CLP India Private Ltd, an Indian power generation affiliate of Hong Kong-based CLP Holdings Ltd. CDPQ invests in companies and assets in all investment categories. Completion of the transaction is subject to the...
Infrastructure Investments up 17 Percent in India
According to data from Mumbai, India-based investment bank Equirus Capital, India's infrastructure sector raised a total of $3.49 billion across 33 transactions in Fiscal Year 2017 compared with $2.98 billion raised in 31 transactions in 2016, an increase of over 17 percent. The data also showed that the majority of...
Canadian Investments Surge in India
Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India's Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country. Last October, in one of India's largest deals in...
Caisse de Depot to Invest $700 Million in India
Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers, announced a long-term partnership agreement with Edelweiss Group, a diversified financial services company in India. The agreement includes target investments by CDPQ of $600-700 million over four years that will provide Edelweiss Group with...