Attracted by political stability, a growing middle class, and a reforms push making it more appealing for foreigners to invest, sovereign wealth funds are buying stakes in India businesses from airports to renewable energy. Wealth and state pension funds are investing in private markets, to complement an existing focus on...
India's Bharti Infratel, Indus Towers to Merge
Kohlberg Kravis & Roberts and Canada Pension Plan Investment Board-backed mobile infrastructure company Bharti Infratel will merge its operations with Indus Towers to form a new $15 million entity. Currently, Indus Towers is jointly owned by Bharti Infratel (42%), Vodafone (42%), the Idea group (11.15%) and Providence (4.85%). This merger...
Multinationals Bullish on Warehousing in India
Due to growth in both the consumer sector and e-commerce in India, overseas investors and real estate players are increasingly investing in warehousing and logistics. Key players such as Singapore's Ascendas-Singbridge, Assetz Property Group, Ohio-based Logos Realty, Canada Pension Plan Investment Board and the Everstone Group, among others, have made...
CPPIB to Form JV with India's IndoSpace Realty
Canada Pension Plan Investment Board (CPPIB) plans to invest up to $1.2 billion in a joint venture with Mumbai-based IndoSpace, an industrial real estate-focused investment firm jointly owned by private equity investor Everstone Capital and Maryland-based Realterm Global. Key Highlights: Canada Pension Plan Investment Board and IndoSpace form IndoSpace Core,...
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...
KKR and Canada's CPPIB Acquire Stakes in Bharti Infratel
New Delhi-based telecommunications company Bharti Airtel Limited sold a 10.3% stake in its tower arm subsidiary Bharti Infratel to private equity firms Kohlberg Kravis & Roberts (KKR) and Canada Pension Plan Investment Board (CPPIB) for $951.6 million. Bharti Infratel owns over 90,000 telecom towers and the company reported a revenue...