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.
Deal for Rs 6,267 cr is the largest road acquisition under government's asset monetisation programme this year
The five SPVs are engaged in operating and maintaining highways in the states of Andhra Pradesh, Uttar Pradesh, Bihar and Maharashtra
Ivanhoe Op India Inc sold 43,84,464 shares on NSE and 26,44,464 shares on BSE, amounting to a 1.5 per cent stake in the company
With this, the Canadian pension fund's stake in the firm goes up to 50%
Finance Minister Nirmala Sitharaman on Friday invited Canadian pension funds to invest in the National Monetization Pipeline and National Infrastructure Pipeline. The finance minister exchanged views on cooperation for promoting bilateral investment and trade during a meeting with Mary Ng, Canadian Minister of International Trade, Export, Small Business & Economic Development. "FM @nsitharaman complimented Canada for housing some of the largest and most successful pension funds globally and welcomed the investments from Canada into India, including in National Monetization Pipeline #NMP and National Infrastructure Pipeline #NIP," the finance ministry said in a tweet.
BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday
The shares were sold at Rs 1,171 apiece
In case the demand is strong, it has the option to sell its entire holding
Caisse de depôt et placement du Quebec (CDPQ) is one of North America's largest pension fund managers
As part of its 2025 strategy, the AE department continued to grow its exposure in EMs
Private debt means debt given to privately held companies or buying those loans in the secondary market
Three of its Indian partners went ahead and formed similar JVs with other investors in the past.
Canada pension fund manager plans to infuse Rs 2,500 cr into the venture
NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.
According to Raj Menda, chairman of RMZ, the deal would be higher than what was originally planned and involves more cities than just Chennai and Bengaluru
CPPIB plans to put 33 per cent of its funds in emerging markets by 2025
Investment will address growing opportunity arising from current stress in banking and corporate sectors