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Access here alternative investment news about Piramal, Cppib To Set Up Renewable Invit With $600M Corpus | Business Standard News
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Piramal, Cppib To Set Up Renewable Invit With $600M Corpus | Business Standard News

by business-standard.com posted 2months ago 11 views
For CPPIB, this would be the second investment in an InvIT in India. : Piramal Enterprises and Canada Pension Plan Investment Board (CPPIB) will set up an Infrastructure Investment Trust (InvIT) focused on renewable energy, Piramal said on Tuesday. The InvIT will have an initial corpus of $600 million. The company said that the InvIT would acquire up to 1.5-2 Gigawatt (GW) of stable and cash generating renewables assets on a hold-to-maturity basis. This would be the first InvIT in India with a focus on renewable energy. Both, Piramal Enterprises and CPPIB will act as co-sponsors for the proposed InvIT.

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