Canada funds hold over $30 bn in India
Financial Express Mumbai|September 22, 2023
CANADA'S THREE MAJOR funds - Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers Pension Plan - have invested more than $30 billion (₹2.49 trillion) in India in both listed and unlisted firms, data culled from their respective websites and other sources show.
SWASTIKA MUKHOPADHYAY, RAGHAVENDRA KAMATH & KISHOR KADAM

Of this, CPPIB has invested more than $21 billion (₹1.74 trillion) across IT, infrastructure and financial services, among others.

In FY23, CPPIB, governed and managed independently of the Canada Pension Plan, made an investment of $425 million inVerSe Innovation, a local language artificial intelligence-driven content platforms in which it holds a 13.8% stake. It also invested $120 million in Sajjan India, a specialised agrochemical manufacturer. In what it calls real assets, it committed C$925 million across two transactions in ReNew Energy Global, a renewable energy company.

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